Next ET Live Event: 2.19.19 at 2PM ET

By Rusty Guinn | February 12, 2019 | Comments Off on Next ET Live Event: 2.19.19 at 2PM ET
Posted:

We will be hosting our next Epsilon Theory Live Event at 2PM Eastern Time on February 19, 2019. ET Premium and ET Professional subscribers will be able to access the livestream through their ET Live link in the navigation bar. Premium and Professional subscribers may also submit any questions live or in advance. If you …

Read moreNext ET Live Event: 2.19.19 at 2PM ET

Featured Notes

But We Need the Eggs

By Ben Hunt | February 10, 2019 | 1

We’re all passengers in the backseat of the State-driven car, and we all suspect that our drivers might be high-functioning lunatics, and we’re all terrified about what they might do next.

But we need the eggs.

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Notes from the Diamond #6: Hittin’ ‘Em Where They Ain’t (Part 1)

By David Salem | February 14, 2019 | 0

In baseball and in investing, how do we distinguish truly great practitioners from merely good ones? Let’s start by looking at two greats who revolutionized how the game is played – Branch Rickey in baseball and David Swensen in investing.

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Pricing Power (pt. 2) – Intellectual Property

By Ben Hunt | February 6, 2019 | 1

Your mother was a hamster and your father smelt of elderberries … the pricing power found in intellectual property. It’s not as easy as it looks.

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You Are Here

By Ben Hunt | January 11, 2019 | 27

The greatest risk to your portfolio is a change in the zeitgeist. A change from deflation to inflation. A change from cooperative international games to competitive games. A change from capital markets to political utilities.

I think it’s all happening.

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The Road to Tannu Tuva, Pt. 2

By Rusty Guinn | January 29, 2019 | 0

The next stops in our discovery of the process of discovery? A town of 1,282 people and the mind of a German physicist named Arnold Sommerfeld.

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Modern Monetary Theory or: How I Learned to Stop Worrying and Love the National Debt

By Ben Hunt | January 17, 2019 | 20

Modern Monetary Theory is neither modern nor a theory. It’s a post hoc rationalization of politically expedient policy that makes us feel better about all the bad stuff we’ve done with money and debt in service to Team Elite.

And all the bad stuff we’re going to do in the future.

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Most Recent Notes

The Zeitgeist | 2.15.2019

By Rusty Guinn | February 15, 2019 | 0 Comments
Posted:

Lots of ‘playing’, ditching New York, and a piece of hard-hitting analysis demonstrating that sitting at the crossroads of government and business can be personally profitable.

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Duck and Cover

By Rusty Guinn | February 14, 2019 | 1 Comment
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We don’t have to treat it like a cardinal sin any time an author, politician, consultant, adviser or expert tries to make us feel a certain way. Just don’t be the only one at the table who doesn’t realize what’s happening.

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The Zeitgeist | 2.14.2019

By Rusty Guinn | February 14, 2019 | 0 Comments
Posted:

Today’s Zeitgeist poses a riddle: what is noxious, may not be a catalyst, extends a rally and awaits cues all at the exact same time?

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Notes from the Diamond #6: Hittin’ ‘Em Where They Ain’t (Part 1)

By David Salem | February 14, 2019 | 0 Comments
Posted: ,

In baseball and in investing, how do we distinguish truly great practitioners from merely good ones? Let’s start by looking at two greats who revolutionized how the game is played – Branch Rickey in baseball and David Swensen in investing.

Read more

The Zeitgeist | 2.13.2019

By Rusty Guinn | February 13, 2019 | 0 Comments
Posted:

In the 8th or extra innings (what about the 9th?), allocations to alternatives, fixed income ETFs, offensive hacking and “markets up on trade deal hopes” (again).

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Rabbit Hole – Who’s Being Naive, Kay? Also, DARPA, Ribbon Farm, and Unknown Knowns

By Neville Crawley | February 13, 2019 | 3 Comments
Posted: ,

ET contributor Neville Crawley is back from time well spent at an amazing library, with thoughts on no-end state architecture, marketing alpha, DOD AI, wonderfully goofy blogs, and a new addition to the Rumsfeld canon: unknown knowns.

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The Zeitgeist | 2.12.2019

By Rusty Guinn | February 12, 2019 | 0 Comments
Posted:

Maine cashes in, investors cash out, stocks get a lift from trade hopes (version 28), the Brexit pantomime and a shadow over strawberry fields.

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They Live!

By Demonetized | February 11, 2019 | 6 Comments
Posted:

If you view the world through Clear Eyes, and hold loosely to your convictions, you’ll have an easier time adapting to a dramatic shift in the market regime than your competitors who’ve been lulled into a Narrative-induced fugue state. You’ll make up your own damn mind. You, your clients, and your business will all be better off for it.

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The Zeitgeist | 2.11.2019

By Rusty Guinn | February 11, 2019 | 0 Comments
Posted:

Why VC loves fintech for some reason, populist messages, “optimism over trade talks” take 25, and more popullsm.

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But We Need the Eggs

By Ben Hunt | February 10, 2019 | 1 Comment
Posted:

We’re all passengers in the backseat of the State-driven car, and we all suspect that our drivers might be high-functioning lunatics, and we’re all terrified about what they might do next.

But we need the eggs.

Read more

Blast from the Past

By Rusty Guinn | February 9, 2019 | 10 Comments
Posted:

What the rise and fall of baseball cards can and can’t tell us about bubbles and the turning of markets into utilities.

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The Zeitgeist | 2.8.2019

By Rusty Guinn | February 8, 2019 | 1 Comment
Posted:

Fawning Tesla press, coming storms, ESG and data, striking a balance between tasteful display of art collections and pay cuts at banks, and post-Yorkshire pudding walks.

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The Zeitgeist | 2.7.2019

By Rusty Guinn | February 7, 2019 | 0 Comments
Posted:

Today’s specials: Megadevelopments in Chicago, online grocery shopping, slowdowns at Apple, vagueness at Alphabet and Canadian weed.

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Pricing Power (pt. 2) – Intellectual Property

By Ben Hunt | February 6, 2019 | 1 Comment
Posted:

Your mother was a hamster and your father smelt of elderberries … the pricing power found in intellectual property. It’s not as easy as it looks.

Read more

The Zeitgeist | 2.6.2019

By Rusty Guinn | February 6, 2019 | 0 Comments
Posted:

In today’s edition, it’s captain obvious takes on the ECB, is there anything active funds CAN do?, more Brexit and dead-cat bounces.

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All Along the Watchtower

By Rusty Guinn | February 6, 2019 | 3 Comments
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Trust in media is being debased from without and within. The Clear Eyed, Full-Hearted answer? Don’t pick and choose. Set yourself against both threats.

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The Zeitgeist | 2.5.2019

By Rusty Guinn | February 5, 2019 | 0 Comments
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In which we hear the term, ‘megadeal hunger’, contemplate a Larry Fink v. Ken Fisher celebrity steel cage match, and boggle at the unironic advocacy of regulation as the solution for lack of trust in blockchain applications.

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The Zeitgeist | 2.4.2019

By Rusty Guinn | February 4, 2019 | 0 Comments
Posted:

The near-term focus of financial markets coverage seems squarely on M&A in the U.S. Elsewhere, Lord Fink (!) roasts Corbyn and Australian housing has become a media obsession.

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Arbitrary Power

By Rusty Guinn | February 3, 2019 | 7 Comments
Posted:

There is a paradox – only it isn’t really a paradox – in that to act boldly on and hold loosely to our beliefs requires us to design processes which are subject to an almost opposite standard.

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The Zeitgeist | 2.1.2019

By Rusty Guinn | February 1, 2019 | 0 Comments
Posted:

Amazon ‘buts’, all sorts of January 1987 comparisons, a grab bag of central banking and politics, and a notable omission from your Brexit Bunker.

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