Adam Smith

The New Wolves of Wall Street: Cooperating AI Entities

July 3, 2017 James Heinsman Hedge Fund News

According to Adam Smith, something called the “invisible hand” controlled the ebbs and flows of the free market. This so-called hand was the way Smith referred to the power which pushed the market towards equilibrium as huge numbers of self-interested individuals interacted with that free market. This concept is about to take on a new […]

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Adam Smith, artificial intelligence, crowd sourcing, Numerai, Numeraire,

Marital Bliss? Don’t Fight Like Raj Rajaratnam; Think Like Adam Smith

March 7, 2011 James Heinsman Hedge Fund News

The best advice for a good marriage is to think, act and fight like an economist.  “Spousonomics,” co-authored by Jenny Anderson and Paula Szuchman (recently published by Random House) developed a theory on how marital bliss can be gained by behaving like an economist, “apply the rational laws of Adam Smith, as well as recent […]

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Adam Smith, business, economics, Galleon Group Hedge Fund, Raj Rajaratnam,