"Equilibrium is dead," says SFI Business Network member Tim Hodgson, a senior investment consultant with the global financial services company Towers Watson, in an article about the role of complex systems thinking in investment.
Hodgson told delegates at the Towers Watson Ideas Exchange in Sydney that economies and markets are complex and adaptive, their path is not random and the future is not predictive.
"It is the interconnectedness of finance that categorically matters," he says. "Tail events are normal."
Read the article in top100funds.com (September 18, 2013)