How to Grow a Business | Noah Healy | S1 EP 9

How to Grow a Business by Matt Holmes

Send us a text

Summary

Noah Healy, a mathematician with expertise in computational math and algorithms, discusses his work on upgrading the operating methods of the global economy. He talks about his company, Coordinated Discovery Market (CDM), and their goal of improving price discovery and maximizing commodities trade volume. Noah shares his daily routine, which involves networking, recording podcasts, and reading mathematics papers. He also discusses his love for music, particularly the connections between mathematics and music. Noah explains his most difficult project, CoorDisc, which took him six months to solve and involved adding recursion to a communication protocol. He also shares his rewarding experiences in solving math problems and building models for sales teams. Noah Healy discusses the problems with current market systems and the need for a solution. He explains that markets are about bringing together supply and demand in balance, but the current system is inefficient and has led to a growing divide between insiders and the rest of the market participants. This has resulted in declining rates of return and a lack of predictability. Noah proposes a solution that involves creating an explicit role for providing information in the marketplace, with the goal of balancing supply, demand, and pricing. He believes that addressing this problem is crucial to prevent a collapse of the economy. Noah Healy discusses the concept of Coordinated Discovery Markets (CDMs) and their potential impact on the economy. CDMs are online marketplaces that integrate price discovery and information sharing to create more efficient and transparent markets. By leveraging the power of technology and collective intelligence, CDMs aim to reduce transaction costs, increase profitability for producers, and provide accurate price information to buyers. The implementation of CDMs could disrupt traditional market structures and benefit both producers and consumers. However, there are challenges in obtaining patents and gaining acceptance for this innovative approach.

Keywords

mathematics, computational math, algorithms, global economy, Coordinated Discovery Market, price discovery, commodities trade, networking, podcasts, mathematics papers, music, recursion, communication protocol, CoorDisc, sales team, market systems, inefficiency, supply and demand, balance, insiders, declining rates of return, lack of predictability, explicit role for information, balancing supply and demand, pricing, collapse of the economy, Coordinated Discovery Markets, CDMs, online marketplaces, price discovery, information sharing, efficiency, transparency, transaction costs, profitability, producers, consumers, disruption, patents

Takeaways

• Noah Healy is a mathematician working on upgrading the operating methods of the global economy.
• His company, Coordinated Discovery Market (CDM), aims to improve price discovery and maximize commodities trade volume.
• Noah's daily routine involves networking, recording podcasts, and reading mathematics papers.
• He has a deep interest in the connections between mathematics and music.
• Noah's most difficult project, CoorDisc, involved adding recursion to a communication protocol.
• He finds solving math problems and building models for sales teams to be rewarding experiences. The current market system is inefficient and has led to a growing divide between insiders and the rest of the market participants.
• There is a need for an explicit role for providing information in the marketplace to balance supply, demand, and pricing.
• Addressing the problems with market systems is crucial to prevent a collapse of the economy.

Powered by Launchguide