# Biggest problems in Finance - MT
⏎
⏎
## liquidity
⏎
a) funding
b) any asset as a tradable security
⏎
leverage, etc
⏎
## collective markets (wise for short-term) versus individual emotions
⏎
[speed of moves - Derman time](http://emanuelderman.com/wp-content/uploads/2002/07/derman-intrinsic-time.pdf)
⏎
## evolutionary role of derivatives
⏎
derivatives as the tool of human progress in Finance
⏎
transition to a new financial system
⏎
## evolution theory, information, hierarchy
⏎
Kolmogorov-Shannon, see Manin
⏎
# Parents
⏎
* Financial Education⏎