by Nicholas Mitsakos | Economy, Investment Principles, Public Policy, Writing and Podcasts
The US economy is facing a transitory, but critical, credit emergency beyond the Fed’s normal scope. A new federal credit facility is needed to ensure that sound businesses and households have ready access to cash to get through this crisis. Global business needs a giant bridge loan to get through a tough few months, and governments may need to intervene to make it happen – led by the Fed. The credit markets need substantial additional liquidity, taxes need to be cut to get cash to companies, and banks need to lend and show patience
by Nicholas Mitsakos | Artificial Intelligence, Biotechnology, Health Care, Writing and Podcasts
Distributed learning can enable machine learning for health care. With its unique privacy approach, it can very effectively overcome the greatest obstacle facing AI adoption in health care today. We no longer need to choose between patient privacy and the utility of the data to society. We can now achieve privacy and utility simultaneously.
by Nicholas Mitsakos | Artificial Intelligence, Biotechnology, Book Chapter, Writing and Podcasts
A new technique, inspired by quantum cryptography, allows large medical databases to be tapped for causal links. This is a fundamental breakthrough in thinking, and this perspective has the potential to spot cause-and-effect, supercharge medical diagnoses, and use AI effectively.
by Nicholas Mitsakos | Public Policy, Technology, Writing and Podcasts
Technological innovation ignites economic growth feeding further innovation. But, has our relentless progress irrevocably tipped the balance from a virtuous circle of innovation and growth to a downward spiral of disaster and decline? We’re going to continue to drive, fly, throw away plastic, and tear down the rainforest. If we aren’t going to solve the problems we’ve created by regulating ourselves, we’re probably going to have to use technology — whether that’s to save species, or human lives, or to make sure that certain plants or coral reefs survive climate change. We don’t know the consequences of these future actions.
by Nicholas Mitsakos | China, Economy, Trade, Transformative businesses, Writing and Podcasts
A global economic and political chess game is on between the United States and China. There are many moves, defensive and offensive strategies, short- and long-term gains, but, unlike chess, mutual victory is possible. But only if the U.S. and China understand each piece, all the potential moves, what can be sacrificed, and what victory really looks like. But this does not appear to be happening. Instead of working for mutual benefit, regardless of fundamental cultural and political differences, we are now drawing bright lines demarking battle zones. The result will be economic and technical inefficiency and degradation in the quality of life, safety, and prosperity for everyone.
by Nicholas Mitsakos | Book Chapter, Investment Principles, Writing and Podcasts
It is the reasonable person who stops and sees, connecting the dots and not trying to manipulate reality to fit your vision. The unreasonable try to force change where it is unwelcomed, or, more often, stick to a belief increasingly at odds with the world’s reality. The reasonable person looks at the world and tries to connect the dots others don’t see – but the dots are there. They may seem unrelated to most but seeing what most miss is innovation’s foundation. It is connecting those dots and seeing how things can connect – not forcing something that isn’t there or ignoring what is and how it has changed. It is only afterward that a new idea seems reasonable. To begin with, it usually seems unreasonable. Don’t be fooled and believe you must force change.
by Nicholas Mitsakos | Book Chapter, Writing and Podcasts
Failing to get work done is an increasingly common experience. Maybe the reason we find it so hard to get anything done is that most of the things we do just fundamentally don’t need to be done. All the productivity lifehacks out there are ultimately missing the point: we’re avoiding our work because our work is pointless.
by Nicholas Mitsakos | Economy, Investment Principles, Writing and Podcasts
Thinking the government now can take over something the private markets provide efficiently and effectively as government is the appropriate entity to provide those services from now on only leads to inefficiency, misuse of capital, the demand for more tax revenue to support the inefficiency, and the downward spiral which ultimately creates more inefficiency that private industry will look to rectify.
by Nicholas Mitsakos | Artificial Intelligence, Biotechnology, Book Chapter, Investments, Technology, Writing and Podcasts
This article was written by Nicholas Mitsakos : Chairman and CEO at Arcadia Capital Group. Disruptive technologies are apparently being developed faster than we can adapt to the full impact of their disruption. Really? Internet time may not be the fast-paced...
