Sean Park Portrait
Quote of The Day Title
In the beginner's mind there are many possibilities. In the expert's mind there are few.
- Shunryu Suzuki

e^x is for data analytics

Data!

As you know, one of the key fundamental foundation pillars of our investment thesis here at Nauiokas Park is the migration of value in many (most?) markets from transactions (matching, broking) to data. Quick and dirty: technology is driving the marginal cost of matching buyers and sellers to zero, and is driving the ability to collect, store and analyze previously unimaginable amounts of data and metadata to a different dimension. The value (and creativity and innovation from a business model point of view) now lies in thinking up ways to harness this new ability to good effect. The possibilities seem vast to us and we love discovering clever entrepreneurs and technologists who identify opportunities along this vector.

If you are a data geek, (or just a wannabe/groupie like me) you need to add Joshua Reich’s i2pi blog to your RSS feed. Not only does he know alot about data and technology, but he can leverage that knowledge through his excellent and lucid understanding of markets and business:

The premise that led us to this mess was that with only a modicum of data and some threadbare models trading would be the final arbiter of value and the collective intelligence of efficient markets would result in fundamentally sound pricing. Now that liquidity has gone from the markets, traders of these illiquid instruments are bulking up their data and models to try and better their understanding of fundamental value. And so it is that when markets are liquid the market relies on trading to assimilate the information of individual agents. Without this method of price discovery these agents need to gather their own data as the market no longer performs the role of grand aggregator. Data trades inversely to liquidity.

And he gives great math lessons too (which is great for those of us having mid-life worries about having forgotten more than they’ve remembered…) He’s just (re)started his consulting business i2pi, but I’ve got my eye on him for my new bank so if you are interested in his services, you better move quickly! ;)

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Permalink||Comments|Filed under 'Data, People, Sixth Paradigm, Tools'
  • AndrewWalkingshaw
    On the subject of analytics/data geekery...

    Firstly, my apologies in advance for talking my own book here, but I thought you might like the project I and my colleagues been working on; http://timetric.com/ . It's a platform for recording, graphing and analysing time series data, and we've seeded it with a fair bit of US/UK economics data. We launched just over a week ago.

    I've been reading your blog for a couple of years, since I saw your "2015" video more-or-less, and it's been a big influence on our thinking here - so, lastly, thank you!
  • Heh - back off, Sean, I still need Josh for a bit more.

    (More seriously - yes, he certanly knows his stuff.)
  • ok, I'll need a few months to get new bank organized in any event.. ;)
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