Epsilon Theory is an exploration of the most powerful force in our social world - narrative. See more at www.epsilontheory.com.
Cursed Knowledge #11: Locks of Love
Locks of Love is one of the most well known and well regarded charities in America. But things aren't always what they seem. Sometimes the smokescreen of common knowledge can obscure what's really going on. So join me in a look behind the curtain at America's most beloved charity.
Epsilon Theory on Tape: Hollow Men, Hollow Markets, Hollow World
Over the past 25 years, our leaders have intentionally constructed an Apocalypse Now world of proclamation and fiat, where our wealth has grown much faster than our economy.
The bill is due for their hubris, and inflation is here to collect it.
Epsilon Theory on Tape: A Song of Ice and Fire
We are the human animal.
We are non-linear.
We ARE a song of ice and fire.
It’s a song that has built cathedrals and fed billions and taken us to the moon. It’s a song that can do all of that and more … far, far more … if only we remember the tune.
The Pack remembers.
Epsilon Theory on Tape: The Icarus Moment
We live in a Cartoon Age, an era not of alienation per Karl Marx, but of alienation per Groucho Marx. What’s the cause, what’s the future, and what do we do about all this? It’s a TL;DR cri de coeur in Part 12 of Epsilon Theory's Notes from the Field series.
Epsilon Theory on Tape: Good Job!
This is Part 11 of Ben's Notes from the Field series. I don’t need to calculate a Sortino ratio to know if my dogs are doing a Good Job. Same with active investment management. Same with active citizenship. It’s all about embracing Convexity, not as a mathematical cartoon, but as a philosophy.
Epsilon Theory on Tape: Too Clever By Half
The inevitable result of financial innovation gone awry, which it ALWAYS does, is that it ALWAYS ends up empowering the State. When too clever by half people misplay the meta-game, that’s all the excuse the State needs to come swooping in and crush them, just as they are with Bitcoin today they did with Bear and Lehman in 2008. Installment #10 from Notes from the Field.
Brilliant and insightful world view
Ben Hunt brings a truly distinct point of view to the portrayal of world events which is a rare thing...
Casually genius :)
Ben feels like a genuinely nice guy who’s got his head screwed on pretty straight. The fact he is exceptionally eloquent and thoughtful to boot, makes this a nice relaxing pod for anyone who wants to push their cognitive boundaries to the point of synaptic meltdown!!!!!
Enormously insightful and supported by facts and deep thinking
This is such food for thought for anyone wanting to join, participate in or just understand the machinations of Wall Street and how important its rules and behaviours are to wider society (for better or worse). A poignant point was the statement from Ben on ‘productisation’ of over-leverage, untruths, and non capital-valuecreation pathways. I fear this phenomena has expanded beyond the institutions built solely to create these products, into the long-only wider asset management industry….focussed predominantly on asset accumulation for the sake of generating fees. I love this industry for the globalness, the excitement and the intellect…but it needs to be reigned in just as Ben says - it wields too much influence over the rest of society.