The Zeitgeist
The 2020 Election Narrative is Identity. Through July, Bernie Sanders owned that narrative. That has changed. The on-narrative candidate is now Elizabeth Warren.
ET In Full
Rust and Blight
In an orchard, it isn’t always easy to tell the difference between rust and blight. The same goes for our cultural institutions.
Some should be pruned.
Some should be ripped up root and stem.
It’s not always easy to know which. But if we want our sons and daughters to sit in the shade of our trees, we must learn.
The Long Now, Pt. 2 – Make, Protect, Teach
It’s time to start a fire. To burn, yes, but also to illuminate.
My advice? Abandon the political party as your vehicle for political participation.
My alternative? Find your Pack.
My platform? Make – Protect – Teach.
Notes from the Diamond #8: Room For Doubt
In both baseball and in investing, we need an all-purpose test of excellence, not just for identifying MVPs like Mike Trout, but for seeing how all of us mere mortals stack up.
ET contributor David Salem makes the case for an investing corollary to baseball’s Wins Above Replacement (WAR). It’s a defense of value investing, but with a twist.
License to Kill Gophers
The desire of central banks to forestall recession at all costs reminds us of the war that groundskeeper Carl Spackler had with the gopher in Caddyshack.
Sure, you can defeat the gopher. But you’ve gotta blow up the golf course with dynamite to do it.
The World ‘Twixt Ought To and Is
Honest investing means finding a balance between approaches which imply we know everything and those which imply we can’t know anything. It means humility.
We think there are three – and only three – paths to finding this balance. One is the heart of what we are trying to achieve with Epsilon Theory.
I’m a Superstitious Man
“I’m a superstitious man, and if some unlucky accident should befall him — if he should get shot in the head by a police officer, or if he should hang himself in his jail cell, or if he’s struck by a bolt of lightning — then I’m going to blame some of the people in this room.” – Vito Corleone
Same.
The Nudging State and the Nudging Oligarchy cannot be defeated on a single point of failure like Jeffrey Epstein’s testimony at trial. Or like the bankruptcy of AIG.
But a million effin’ points of failure? A refusal to vote for ridiculous candidates and buy ridiculous securities? A refusal AT SCALE?
Yeah, that can work.
Search and Discovery
Navigate Epsilon Theory by searching for content, themes or topics traditionally or by navigating using our NLP-powered Discovery Map below.
Long-form, short-form and interactive video content are all accessible from the menus at the top of the page.
ET Live!
ET Live! – 9.18.2019
We have been experiencing technical difficulties with our network connection that were adversely impacting audio output. In order to be respectful of your time, for this session we will record the video in a non-live format this afternoon and upload it as soon as we are able. We truly apologize for the inconvenience and look …
ET Live! – 8.27.2019
It’s the August 27th edition of Epsilon Theory Live! In which political, economic and markets nihilism are the order of the day.
ET Live! – 7.30.2019
It’s the July 30th, 2019 ET Live! Today, we’re all MMT’ers, or at least that’s the narrative in political space. But what about markets?
ET Live! – 7.9.2019
It’s the July 9th ET Live!, where we dive into all things Libra, Facebook and get an update on market narratives.