COMPLEXITY

Katherine Collins on Better Investing Through Biomimicry

Aug 14, 2021

01:06:28

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Quick takeaways

The same headline number in the economy does not imply the same implications, and it is important to question and explore what changes might be necessary.

Many metrics used in finance and economics serve as proxies for deeper qualities, and it is crucial to recognize the inherent limitations of metrics and consider broader conversations.

The pandemic has highlighted the importance of resilience, adaptation, and reimagining economic systems, as well as the potential benefits of economic collapse as opportunities for renewal and more resilient practices.

Deep dives

The Economy and Growth

The economy can grow in a way that improves overall health and well-being, or in a way that is extractive and divisive. The key is understanding that the same headline number does not imply the same implications. This past year has provided an opportunity for reflection on the path we have been on and whether it is enough on all dimensions. It is important to question and explore what changes might be necessary.

A Real Challenge for All of Us Within Finance

04:44

Sustainable Investing

04:52

Are You Going to Make You Awesome?

04:05

Introduction

3min

The Nature of Investing - Resilient Investment Strategies Through Biomimicry

4min

Taking the Shortest en Ramp Doesn't Necessarily Get You There in the Way That You Want

3min

Biomimicry, a Concept of Ultimate N

4min

A Real Challenge for All of Us Within Finance

5min

The Rat King - Is the Gross National Product an Insufficient Metric of Health?

2min

Sustainable Investing

5min

Is There a Place to Ask the Bigger, More Important Question?

2min

The Finite Time Singularity

2min

10.

High Frequency Trading

5min

11.

The 64 Million Dollar Question

5min

12.

What Dimensions of Growth Are Most Important?

2min

13.

Is There a Balance of Influence Between State and Market?

2min

14.

How Do We Model the Unmodelable?

6min

15.

A Lot in There. Where Do I Even?

4min

16.

Are You Going to Make You Awesome?

4min

17.

Is It True or False?

3min

18.

The Idea of Agency Is the Key to Everything We've Been Talking About

5min

We are all investors: we all make choices, all the time, about our allocation of time, calories, attention… Even our bodies, our behavior and anatomy, represent investment in specific strategies for navigating an evolving world. And yet most people treat the world of finance as if it is somehow separate from the rest of life — including people who design the tools of finance, or who come up with economic theories. Many of the human world’s problems can be traced back to this fundamental error, and, by extension, many of the problems we create for other life-forms on this planet. What changes when we take the time to pause, and listen, and reflect on how the biosphere already works? How do we balance innovation with sustainability, or growth with resource distribution? Could a careful study of nature not only lead to better business outcomes but also help us heal the living world?

Welcome to COMPLEXITY, the official podcast of the Santa Fe Institute. I’m your host, Michael Garfield, and every other week we’ll bring you with us for far-ranging conversations with our worldwide network of rigorous researchers developing new frameworks to explain the deepest mysteries of the universe.

This week we talk to SFI’s new Board Chair Katherine Collins, Head of Sustainable Investing at Putnam, about insights encoded in her book, The Nature of Investing. We discuss how investing has transformed in the 21st Century and what new challenges have emerged because of it; the tragedy of value capture; the push and pull between sustainability and efficiency; the consequential differences between risk and uncertainty, problems and mysteries; how multiple timescales interact to produce complexity in the market; balancing growth and development; and what all this means for those who want to do good and not just well with their investments…

If you value our research and communication efforts, please subscribe to Complexity Podcast wherever you prefer to listen, rate and review us at Apple Podcasts, and/or consider making a donation at santafe.edu/podcastgive. You can find numerous other ways to engage with us at santafe.edu/engage. Thank you for listening!

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Podcast theme music by Mitch Mignano.

Katherine’s SFI Profile

SFI’s Alien Crash Site 12 with Katherine Collins

Re: Putnam’s Sustainable Investing

ESG at Putnam: A Digital Resource Guide

“The coming battle for the COVID-19 narrative” by Samuel Bowles & Wendy Carlin

“Economics in Nouns and Verbs” by W. Brian Arthur

“The information theory of individuality” by David Krakauer, Nils Bertschinger, Eckehard Olbrich, Jessica C. Flack & Nihat Ay

“Industrial mass-capture fishing may undo the benefits of schooling, according to a new study from UC Santa Barbara co-authored by SFI Postdoc Albert Kao…”

“Group Decisions: When More Information Isn’t Necessarily Better”

Complexity 35, 36: Scaling Laws & Social Networks in The Time of COVID-19 with Geoffrey West