Chris,
Re: So, for example, if you destroy the paper, does the law say you have
destroyed the contract?
No (personal experience - Hurricane Andrew)
The paper is evidence (and a record) of the contract, an agreement between
parties. Other evidence may be binding.
IMHO Trying to find spatial/temporal foundations for all concepts confuses the
categorizations. (01)
John,
In relation to your overall causing of trouble - what is the consequence of
this conclusion? In particular how does it impact our ability to understand or
relate information and/or the world? (02)
If I were to have a category "Pretty Woman", it seems clear that the set
described by this category is subjective (for both the term "pretty" and
"Woman"). Yet, it is a common category used every day. What can we say about
this category of categories Vs those that can be quantified? (03)
-Cory (04)
-----Original Message-----
From: ontolog-forum-bounces@xxxxxxxxxxxxxxxx
[mailto:ontolog-forum-bounces@xxxxxxxxxxxxxxxx] On Behalf Of Chris Partridge
Sent: Thursday, July 07, 2011 1:02 PM
To: '[ontolog-forum] '
Subject: Re: [ontolog-forum] Why most classifications are fuzzy (05)
Mike, (06)
Is the paper in the vault the contract - or the record of the contract?
So, for example, if you destroy the paper, does the law say you have destroyed
the contract? (07)
Chris (08)
> -----Original Message-----
> From: ontolog-forum-bounces@xxxxxxxxxxxxxxxx [mailto:ontolog-forum-
> bounces@xxxxxxxxxxxxxxxx] On Behalf Of Mike Bennett
> Sent: 07 July 2011 17:37
> To: [ontolog-forum]
> Subject: Re: [ontolog-forum] Why most classifications are fuzzy
>
> David,
>
> There is no problem describing financial products ontologically.
> Calipers are not a requirement. All financial products are contracts,
> and contracts are a real thing regardless of whether they consist of
> paper in
a
> vault (as a few still do) or are maintained electronically.
>
> If you don't think contracts are real, try breaking one :)
>
> The dimensions along which they are defined are, as you rightly
> suggest, where it gets interesting. One look at the ISO 10962
> Classification of
Financial
> Instruments standard will show what a challenge it is to try and
articificially
> shoe-horn the whole lot into one dimension - you simply can't.
>
> Mike
>
> On 07/07/2011 16:21, David Eddy wrote:
> > John -
> >
> > On 2011-07-06, at 12:45 PM, John F. Sowa wrote:
> >
> >> And a warning: Unless you can find an immutable law of nature that
> >> creates a classification, don't expect it to be a solid foundation
> >> for a "standard ontology".
> > Agreed.
> >
> > My view of (imagined) reality has been largely financial services
> > (e.g. mutual funds, brokerage, banking,& various forms of insurance).
> > In my career, I have only worked directly for a single firm that
> > actually made a physical product (junk jewelry)...
> > otherwise everything has been paper pushing, describing various
> > facets of non-dimensional products.
> >
> > Quite naturally, since these industries are all conjured out of thin
> > air, there are no natural laws to impose organizational discipline.
> >
> > From what I've seen, "organization" is largely the last minute
> > panic to make the next deadline. Does tend to leave a chaotic
> > residue which only gets worse over time.
> >
> >
> > Since this ontology interest has arisen, it has been rattling around
> > in the back of my mind if ontologies can be applied to things like
> > financial "products."
> >
> >
> > Personally I vacillate between describing financial "products" as
> > either "non-dimensional" or "N-dimensional." In any case these
> > products are stuff that cannot be put on a scale& weighted or have
> > a caliper applied to them. It's just information which as far as I
> > know we have no idea how to measure other than silly things like
> > "lines of code."
> >
> > ___________________
> > David Eddy
> > deddy@xxxxxxxxxxxxx
> >
> >
> >
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>
>
> --
> Mike Bennett
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