D’Auguste Comte à Bachelard … à Apple et Dr Dre

Jean-Philippe Denis, mon professeur mémorable de gestion, sur les racines du Hip-Hop management :

En épistémologie des sciences, on considère la première planète comme celle du positivisme hérité des lumières d’Auguste Comte. La seconde, elle, est celle conçue par le grand philosophe Gaston Bachelard pour lequel « rien n’est donné, tout est construit ».

Sur la planète héritée de Comte, le monde est vu comme régi par des forces implacables, et par des lois déterministes de performance. Comme dans un roman d’Houellebecq, une sorte de sélection naturelle des formes les plus adaptées s’y opère mécaniquement. Il vaut mieux dès lors se soumettre puisque rien ne sert de courir ni même de se battre : après tout, comme le disait Keynes, à long terme on est tous morts. Au risque de la provocation on pourrait ajouter : qu’on se sente ou qu’on ne se sente pas Charlie.

Sur la planète léguée par Bachelard, les habitants raisonnent à l’inverse. Derrière chaque calamité, ils voient une opportunité. Dès lors ils ne perdent jamais puisque, pour filer Nelson Mandela, soit ils gagnent soit ils apprennent. L’avenir est donc toujours ouvert même si tout n’est pas possible. Et pour peu qu’on envisage d’abord la manière de s’embusquer pour mieux l’attendre, il est toujours plein de promesses nouvelles, toujours en devenir.

Les transformations de l’industrie musicale depuis vingt ans illustrent à merveille l’existence de ces deux planètes.

→ The Conversation

Psyching Out Borrowers

Follow-up on yesterday’s article about personality tests approval to get loans. Payoff adds a touch of algorithms on top of psychology to determine the creditworthness of the borrower.

Galen helped develop the matching algorithms at eHarmony, which are responsible for 4 percent of U.S. marriages. We’re using his expertise to bring psychology to finance. Our science is ultimately about behavior change and helping people make better financial decisions. This process of change begins with self-understanding, and we’re using advanced psychometric assessments to understand people’s mindsets— the goal being to improve how they approach their financial decisions. We’ve taken the hundreds of questions you might answer in a typical psychometric assessment and compressed them into a three-minute “gamified” online assessment that gauges your financial personality.

→ Bloomberg

The Semiotics of “Rose Gold”

Am I the only one to see the yet-to-be released iPhone 6S Rose Gold as Red Gold or Rolex Everose ?

Rose gold, however, has quite a different symbolic valence. Deliberately adulterated, it is gold that has an inclination to be something else. Rose gold is perverse. Unlike yellow gold—but like its cooler cousin, white gold, which is an alloy with nickel or manganese that has also risen and declined in popularity throughout the years—rose gold is subject to the vagaries of fashion. The desire it stimulates is inherently temporary. In rose gold, a substance of enduring value is transformed into a consumer item with the half-life of all things modish. Rose gold is decadent. It is gold for people who already have enough gold gold.

For the sake of colour-comparaison, here are three watches in different gold cases :

From left to right : Patek 1518 (rose gold), Cartier Santos Dumont Squelette (red gold), Rolex Day-Date (everose gold)
From left to right : Patek 1518 (rose gold), Cartier Santos Dumont Squelette (red gold), Rolex Day-Date (everose gold)

→ The New Yorker

Why Personality Tests For Bank Loans Are A Bad Idea

It’s much more likely that, if people want a loan, they will try and game the system. There is a strong chance they would give the answers that they think reflect a better credit trustworthiness: “I definitely pay attention to financial details. I am perhaps, if anything, too cautious.” As opposed to: “Oh, I don’t care, just give me the cash.” Any psychological assessment scheme would have to be robust to such game-playing, perhaps by asking more opaque questions.

→ The Conversation

Goldman vs. Bloomberg

Will Goldman ever turns Bloomberg into Blackberry ? Ain’t a sure thing.

It’s something like the social register for the global one percent, mixed with the Gutenberg press and a little bit of the iPhone. Getting even more reductive, it’s the ball in tennis: it’s hard to imagine the financial industry without it. As such, many banks and hedge funds gladly shell out the $21,000 or so per unit. Some trading floors, in fact, resemble primal villages in which the biggest bosses can be identified as the guys with the most terminal screens mounted on their desk. Bloomberg L.P. throws off around $9 billion in revenue, making it about as valuable as the N.F.L.

→ Vanity Fair