Martin Walker

The literal interpretation is probably “blowing out”, in the sense of extinguishing a flame. It does not mean extinction however, so Nirvana is not the point at which the self ceases to exist, rather Nirvana is described as the point at which the triple fire (of hatred, greed and ignorance) is extinguished because it has no more fuel to keep it burning.

– Mel Thompson, Eastern Philosophy

Blind faith in markets is almost as irrational as a belief in the power of an omniscient central planner. If this book demonstrates one thing, it is that flawed organisational data not only leads to worse decision-making but helps create a complex environment where the selfish and immoral can flourish to the detriment of society as a whole. There is a strong moral imperative to build better infrastructure, both within and connecting markets participants. Systems that are better in terms of efficiency, transparency and simplicity help management, shareholders, regulators, politicians and ordinary investors make better decisions. They also leave fewer places for bad actors to hide.

This chapter is a thought experiment. It describes a model of processing trades that may never be built, but

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