At first glance, the notion of serious financial discourse on
an animated stage is a peculiar marriage. As the CEO of a large media outfit
told me, combining the two is completely unconventional. I would argue that if
it were conventional, somebody would have already done it. I would further
assert that the need for shared and engaged learning has never been a more acute
societal need.The website, which is the first of several planned media
applications, is home to the Minyanville library of archives and definitions, a
virtual shopping mall for branded merchandise and a schoolhouse that will soon
teach the basic tenets of finance to the decision makers of tomorrow. And, as
philanthropy is at the core of our belief system, you will also find information
on the Ruby Peck Foundation for Children’s Education, which I founded in memory
of my grandfather, who was my best friend. While our content is now geared to a sophisticated audience,
this is merely the first application of a much broader vision. We currently
feature Hoofy the Bull and Boo the Bear as informational conduits in a
scrolling, real-time forum that we call Buzz & Banter. The next-generation
application, currently in development, will bring the characters to life and
deliver a more dynamic and engaging message. Horton Hears a How In an age when lightening rounds can pass as value-added
financial commentary, there is no such thing as a quick fix. Being told what to
do with your money without understanding how or why does more harm than good as
we struggle to navigate an increasingly complex market. Also, an abundance of available information, coupled with
increasingly persistent disinformation, makes it difficult to maintain poise
amid the noise. Our attention-deficit society has been overwhelmed with mixed
messages from a media oligopoly that is focused more on advertising revenue and
ratings than what is, in many cases, best for their audience. I’ve often opined
that in the absence of water, people are so thirsty that they’ll drink the
sand. Imagine Jon Stewart, Bill Maher and Shrek rolled into a
cohesive and scalable platform, providing valuable market insight with
snarky humor and cunning wit. | Minyanville is designed to act as a filter for existing news
flow and as a forum for idea generation and exchange. It has also evolved into a
community of human capital, featuring market professionals who are very good at
what they do, but even better at who they are.While the creative texture brands the Minyanville content, the
integrity of our message provides roots that have attracted some of the most
respected minds on Wall Street. An example is Kevin Wassong, the founder and
former CEO of JWT’s digital arm. He was so taken with our mission and the
potential of this platform to transcend media channels that he resigned from his
position last March to work with us.
By bridging the gap between entertainment and information, the
once staid world of Wall Street will emerge with fresh flavor and newfound
verve. Imagine Jon Stewart, Bill Maher and Shrek rolled into a cohesive and
scalable platform, providing valuable market insight with snarky humor and
cunning wit. That charm will allow these critters–and, more importantly, their
valuable market insight–to step through the looking glass and appeal to the
mainstream demographic, right down to young children.
The markets are far from easy, and the collective frustration will manifest
itself in the years ahead as we digest the post-bubble imbalances. The ability
to filter and absorb pertinent information while surrounding ourselves with a
trusted network will dictate our performance and lay the groundwork for our
children’s future. Perhaps Minyanville’s approach is entirely unconventional,
but that’s all right. It may be just what we need as we edge through these
particularly unconventional times.
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