February’s Finest Financial Fables
Explore my writings of February 2024: from Oscar Wilde to FinTech’s foundations. Discover the hidden insights about life and death. Enjoy some new content.
#New #Finance #Rehash
The 3rd Lemma of Money
There are many ideas about money, but BCM’s 3rd lemma of money outlines how money use tends to expand with the amount you earn.
“Alas, I am Dying Beyond My Means”
Explore what Oscar Wilde & Lotus F-1 racing teams knew about death. Plan your end-game status: enjoy or leave behind a packet of cash?
FinTech’s Foundations COBOL
Despite the rapid rise of FinTech, the backbone of modern banking remains COBOL, a programming language developed in 1959. This article explores how legacy financial systems continue to run on COBOL due to risk aversion, stability, and reliability. Financial institutions prioritize uptime (99.999%) and avoid system-wide replacements unless absolutely necessary. While FinTech boasts cutting-edge interfaces, critical financial transactions—like account creation and fund transfers—still rely on COBOL’s structured efficiency. The takeaway? New technology may evolve, but old, reliable systems refuse to fade away.
Keywords: COBOL, FinTech, banking technology, legacy systems, financial stability, risk aversion, banking infrastructure
The Price of Long COVID
Learn from Winter of 2023, when my wife and I contracted COVID, which led to my wife having long-term COVID-19 starting with cardiac symptoms. Explore the implications and symptoms of long covid.
