The world of derivatives is full of holes that very few people are really aware of. It's like hydrogen and oxygen sitting on the corner waiting for a little flame.
Charlie MungerRead
Finance that only talks to itself & deals with each other becomes socially useless
Interpretation
What this quote means
Finance should engage with society and not just function within its own confines to be meaningful.
Mark Carney's quote emphasizes that finance, when it only communicates within its own circles and deals solely among itself, lacks social value and utility. It suggests that financial systems should consider their broader impact on society and engage with the needs and realities of the people they serve, thereby reinforcing their importance and relevance in a socially responsible manner.
Themes
FinanceSocietyUtilityValueEngagement
In practice
Example use cases
During a financial conference focused on social impact investing.
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