Funky Business Talent Makes Capital Dance-2Ed-2002

Walter Wriston, the former chairman of Citibank, was
right: information about money is now more valuable than
money itself.

In the funky village, however, change is a

constant and instead of reducing uncertainty the emphasis

will be on reducing friction

n an info desert – lack of

information or asymmetrically distributed information – the

seller knows things that the buyer does not have a clue

about, like when you buy a used car – all prevent the reali-

zation of market perfection. But in an info jungle, sooner or

later, friction-free capitalism will happen.