"Thinking about the future gives vertigo. It takes courage to look ahead. The ancient Greeks - when they sought to know - consulted the oracle at Del… - Alessandro Magnoli Bocchi

"Thinking about the future gives vertigo. It takes courage to look ahead. The ancient Greeks - when they sought to know - consulted the oracle at Delphi. Religion and magic help manage anxiety, but a dispassionate analysis of data and probabilities may actually provide useful guidance".

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About Alessandro Magnoli Bocchi

Alessandro Magnoli Bocchi (born 25 April 1968), is an Italian economist, investment professional and manager.

Also Known As

Alternative Names: Alessandro Magnoli
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"Every day, 1) ‘simple systems’ become complex: for example, a village becomes part of a city; and 2) ‘complex systems’ become more complex: for instance, financial markets embrace machine learning. Often, an increase in complexity leads to unintended consequences".

"(...) throughout the Peninsula, informal and personal social ties are more important than formal and impersonal ones. When the community (Gemeinschaft, in German) counts more than society (Gesellschaft), family relationships - making up for the absence of the State - prevail over collective responsibilities, weakening civil society". Original quote: "(...) lungo tutta la Penisola, i legami sociali informali e personali sono più importanti di quelli formali e impersonali. Quando la comunità (Gemeinschaft, in tedesco) conta più della società (Gesellschaft), le relazioni familistiche – supplendo all’assenza dello Stato – prevalgono sulle responsabilità collettive, indebolendo la società civile".

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"The state needs to enable the markets, but - contrary to the dreams of planners and technocrats - development cannot be ‘state-managed’. For the business environment to lead to innovation, the state needs to protect ‘public goods’ such as: 1) competition; and more broadly 2) the entrepreneurial spirit. Policymakers must achieve a practical, dynamic balance in the state-market mix".

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