Battle of the Quants

Working with Bartt Kellermann and Selvie Shaqiri to help bring their very successful US format here to the UK.  Very interesting session today discussing this brief title – “ From the Ephemeral Quant to the Eternal Coin: Short Term vs. Long Term Considerations when Allocating to Quantitative Based Strategies”.  Thankfully, some of our thoughts on Long Finance really rang a bell, and folks seemed to be interested in Asymmettric Gain-Loss Recognition, Performance Policy Bonds, Confidence Accounting, Irreversible Time, Unburnable Carbon, Internal Growth Rate as a key regulatory pension metric, and Volatility = Sustainability.  Wow.  Great crowd.

Eternal Coin Treadmill

Election of Sheriffs

I attended the annual election of two Sheriffs for the City of London today.  Alderman Sir Paul Judge (Ward of Tower) and Robert Adrian Waddingham CBE were elected by acclamation.

The new Sheriffs will be admitted into office on Friday 27 September ready to preside at the Election of the Lord Mayor on Monday 30 September.  They will hold the position for one year.

The office of Sheriff, a pre-requisite to becoming Lord Mayor, is one of the oldest in existence and dates back to the Middle Ages.  Their duties today include attending the Lord Mayor in carrying out his official duties, attending the sessions at the Central Criminal Court in the Old Bailey and presenting petitions from the City to Parliament at the Bar at the House of Commons.

If only it were so easy in Broad Street Ward (sigh), but a great ceremony at the Guildhall.

Guildhall

Battle of the Quants

Working hard to get elected and already finding that the number of speaking engagements is climbing sharply.  I’m speaking next week at Battle of the Quants.  This is a very popular New York event format which is coming to London a second time.  I’ve been given a succinct title – ” From the Ephemeral Quant to the Eternal Coin: Short Term vs. Long Term Considerations when Allocating to Quantitative Based Strategies”.  We’ll see how well this audience takes to Long Finance‘s thoughts on the long term.

Coin

Last Post

No, probably not the last blog note, just pointing out that yesterday, Wednesday 19 June, was the last opportunity for a postal vote application.  Voters are now committed either to come in person or a postal ballot.  On our side, we managed to get everyone in the ward either by post or hand (mostly hand!) a flyer and a postal application form by yesterday afternoon.

Meanwhile, it was also the last post for me at 22:20 last night.  I was presenting, with Dr Iain Saville, the Systems in the City Awards 2013.  Iain was on first and got the individual awards out of the way.  Then a ventriloquist came up – Nina Conti.  She’s possibly the funniest ventriloquist I’ve ever seen (and I’ve actually seen a few, including one last year in Germany the family booked).  Her act featured a mind-bending routine with a monkey.  Then, when the audience was well ready (ahem), up I pop for the corporate awards.  Was I the organ grinder?  While I may have drastically shortened my speech about yesterday’s Parliamentary Banking Commission on Banking Standards report, “Changing Banking for Good“, and Long Finance, the audience strangely didn’t seem to notice the cuts.  A good time was had by all, and there are some very proud winners this morning.

Son of Canvassing Concerns – Kiss The Girls And Make Them Wry

Another day of meeting electors round the Ward.  What a fascinating Ward we have!  Two more areas of concern which may help folks get a flavour of voter issues on the street:

  • signage in Austin Friars, a cul-de-sac, could use some work, particularly helping to promote the Dutch Church;
  • with increased partying in the City, much of it welcome to local tradespeople, how can we find subtle, yet effective, ways of ensuring that Thursday and Friday night rubbish doesn’t interfere with the next morning’s business.

I’m building up quite a list of things to do at a local level.  Future posts will start to shape some of the international issues.  Meanwhile, for those who wanted a better picture of Uma, certainly not me, there was a lovely resolution to our previous post.  She got a “wugga wugga” (don’t even ask, but she likes them) and I got my campaign ‘baby kiss’ out of the way – though the poor dear may have nightmares for a few days about the “errgyly monster what Mummy save me from”.

Foto 3

PS – You can see she’s saying “Broad Street Ward needs you!” [well, in German]

Canvassing Concerns – Kiss The Girls And Make Them Cry

Canvassing is a great way to ensure you do remain educated and in touch with voters’ real issues. Today the two big concerns, repeated by several, were basically:

  • begging – not ‘anti’ beggars, but wanting to find a solution that reduced the hassle factor for shops and smokers, as well as reducing opportunistic thefts – I was struck by the realistic attitudes taken by Ward electors on this issue;
  • enforcement of traffic regulations – and a particular issue with portable ‘shredding’ factories sitting on footpaths churning loudly away and ignoring traffic rules and fines – this is something local to me about which I must find out more.

There was significant praise, for the most part, of the City of London Police and their responsiveness to situations which can only be, at best, partly resolved.  More to learn during the week!

And in breaking news, my long-standing sailing friend Uli gives me her lovely 18 month old daughter, Uma, to kiss in order to supply the obligatory ‘baby kissing’ shot – but Uma proves too fast, or too wise!  Yet, there is a happy ending

20130617_182710

And Then We Were Two … The Race Tightens

It’s been an exciting week.  At the beginning of the week I submitted nomination papers, duly confirmed, but except for rumour was unable to ascertain who else might be standing.  On Wednesday, three of us were running.  The canvassing has been underway for a week and there has been some tremendous voter interest, but today noon was the deadline for withdrawing.  The announcement of the final candidates came out this afternoon.  I look forward to meeting William Charnley, whom I strangely haven’t met during my City career – the City is sometimes simultaneously large and small.  Thus, it’s a two horse race with me and Chris Roebuck.  More news surely lies ahead…

Ribbon Cutting Practice

Goodacre - Systems in the City Awards v1.1

An aspiring politician also needs to practice ribbon cutting and award ceremonies.  Never one to shirk a dinner and aspiring to be a good Alderman, this event looms next week:

Systems in the City Awards 2013

Prof. Michael Mainelli and Dr Iain Saville to Announce Winners

The 2013 Systems in the City Award Winners will be announced on 19th June 2013 by Professor Michael Mainelli and Dr Iain Saville OBE

 The presentation dinner will be held at The Grand Connaught Rooms and includes a champagne reception sponsored by Cofunds, a 4 course dinner and evening entertainment

With only one week to go there are only a few places left.

To make sure you do not miss out email events@goodacreuk.com or call +44 (0)20 7422 0063.

Political Podium Practice

Don’t all politicians prattle on?  Where do they practice?  Well this one is practicing at Gresham College tomorrow night – http://www.gresham.ac.uk/lectures-and-events/taking-modern-money-apart.

The event is free and open to the public, including Broad Street electors who wish to assess a potential Alderman’s speaking ability.  Just turn up about 17:45…

“Taking Modern Money Apart”

Thursday, 13 June 2013 – 6:00pm,

Barnard’s Inn Hall

“Money just isn’t what it used to be”, my grandmother used to observe with a sigh…  We could add today, and soon it won’t be any longer what it now is!  Money (and its relatives) are evolving, fast, in response to the revolution in information and communications and this evolution is certainly causing problems.  But it is also opening opportunities for really significant changes in the economy.I’ll be combining research we did with the City of London Corporation in 2011 – “Capacity, Trade and Credit: Emerging Architectures for Commerce and Money” – with Edward J Nell’s transcript on capacity exchanges.  Edward is the creator of the acclaimed Theory of Transformational Growth which is regaining interest as credit markets remain blocked.