marketing communication punctuated equilibrium and the new
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Punctuated Equilibrium and the New Asset Management Reality
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Rick Lacaille, Chief Investment Officer
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Marketing Communication
Punctuated Equilibrium vs Darwin’s Theory of Evolutionary Gradualism
Stephen Gould Charles Darwin
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Source (Charles Darwin): http://www.amnh.org/explore/news-blogs/news-posts/happy-darwin-day-2014Source (Stephen Gould): h http://www.achievement.org/autodoc/page/gou0int-1The information contained above is for illustrative purposes only.
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From Humble Beginnings to Astronomical Scale
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Sources: SSGA; Computerworld May 31, 2011; The Radicati Group; ZDNet.com; YouTube.com; Google.com; Apple.com;
> 144.8 billion Email messages sent a day
> 340 million tweets a day
72 hours of new video to YouTube a minute
> 2 million Google search queries a minute
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Jawbone – The Innocuous Fitness Tracker
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Source: JawBone
The Future Is Here
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Sources: Geoagro.com; FTC.gov; WSJ.com; Savi.com . The information contained above is for illustrative purposes only.
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A Web of Data Pertaining to a Company
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From Big to Usable Data
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Raw Data•Approx. 48 GB •Over 600 million Daily
Orders from Jan 1st 2013 to Sep 30th, 2015
• Over 3.6 millions of users• 1,216 Merchants tracked
Reliable Data•348 Quality
MerchantsMap to Public Companies•206 Quality
Merchants left•131 public
companies
Relevant Companies•Retailing represents at least 50% of the companies’ revenue•104 public companies
Aggregate daily data to
quarterly level
Shrinks to 48 GB Data 104 stocks
Avg. 10 Quarters
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From Data…
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Raw ASCII News
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To Information…
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Sentiment Score
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To Knowledge
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Average of Quint.Return
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NLP Sentiment = Rediscovered Momentum?
The Future Is Here
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• Sources: FitBit; Allthingsd.com; Dataminr; AirSage.com• The information contained above is for illustrative purposes only.
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The Future?
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Source: http://glitch.news/2015-08-27-ai-robot-that-learns-new-words-in-real-time-tells-human-creators-it-will-keep-them-in-a-people-zoo.htmlThe information contained above is for illustrative purposes only.
Biography
Richard F. Lacaille
Rick Lacaille, Executive Vice President is Global Chief Investment Officer (CIO) of State Street Global Advisors and a member of the firm's Executive Management Group. In his role as Chief Investment Officer Rick has responsibility for all investment management activity at SSGA, including research and trading.
Prior to his current role, Rick was Head of Global Active Equities, and previously European CIO. Before joining SSGA in 2000, he held a wide variety of posts in quantitative fund management and research at Gartmore Investment Management, including periods as Head of Quantitative Research and Head of Structured Equities.
Rick has a BSc (Hons) in Operational Research from Lancaster University and MSc in Econometrics from London Guildhall University.
Rick is a member of the FTSE Policy Committee and the Asset Management Committee of the Investment Association. He is a regular writer and broadcaster on investment issues and speaks frequently at industry conferences.
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