Narrative Machine Webinar
The recording of the July 2021, Epsilon Theory webinar about the Narrative Machine.
Category: In Brief
Cursed Knowledge #3: The Molassacre
The Boston Molassacre was one of the great tragedies of the early 20th century. So why isn't it treated like one?
Ever Grande
The Chinese real estate developer Evergrande is the epitome of Too Big To Fail. It is truly Ever Grande.
So what happens if it does, in fact, fail?
Enemies Real and Imagined
I think there's a non-zero chance that the delta-variant becomes something that markets really are focused on. Maybe that happens months from now. May…
Welcome to Metaworld
The language of practically every topic of any social importance is now defined by people discussing how other people are discussing it. It's true for…
ET Podcast #12 – Proof of Plant
I think this is how crypto can change the world. Not as "money" and not as Bitcoin! TM and not as a security and not as this speculative coin versus t…
What is Robinhood?
What is Robinhood? It's the conflation of gambling and investing. Which is ... fine. I guess. But spare me the "we're democratizing finance" BS.
Cursed Knowledge #2: Weinstein and the Oscars
Harvey Weinstein is a terrible person who did terrible things. But he doesn't get nearly enough credit, or more accurately blame, for his role in dest…
I’m So Tired of the Transitory Inflation “Debate”
When a famous person shakes his or her finger at you, they're not telling you a fact.
They're telling you how to think about a fact.
Litigation Finance
The formation of new "asset classes" and their associated narratives is a fascinating sight.
Using Burford Capital as a case study, new ET contribut…
Day-One Advice for New Hedge Fund Portfolio Managers
Over the last 6 months, there's been a mass influx of new hedge fund PMs, many from bank trading seats leaving for greener (?) pastures. I've been in …
Cursed Knowledge #1: The Fast Saga
The Fast and Furious movies are famous for intense action and ridiculous plots. But the truth about how these stories get made has more to do with the…
ET Podcast #11 – A Working Narrative
We write a LOT about work. And the responses we get are ... weird.
Once again, the most important narratives are the ones we tell ourselves.
Reinventing the Financial System
If you're like me, you've been put off from digging deeper into DeFi by the terrible signal-to-noise ratio of anything crypto-related on the interwebs…
A Working Narrative
The future of remote work after the pandemic ends has been a part of the zeitgeist for more than a year.
Now it IS the zeitgeist. It is also a narra…
ET Zeitgeist: Deadly Theatre
What is Deadly Theatre?
It's corporate logos for Pride Month. It's speaking gigs for Deborah Birx. It's the cover up for Leon Black.
#BITFD
ET Zeitgeist: Raccoons Never Sleep
Lemonade (LMND) isn't just an insurance company. No, no ... they're an AI Company! (tm).
Plus Chamath is up to his old tricks.
I hate raccoons.
Mortgage Mayhem
Mortgages are pretty standard fare in the world of finance, but the American version is special: it grants its user a free option to refinance if they…
Financing the American Home
As a non-American there are many things I don’t understand about America.
Most of all though, I don’t understand the most American of products: t…
ET Zeitgeist: Ransom Paid
The Colonial Pipeline embarrassment will accelerate the US gov't's efforts to control and co-opt crypto.
Binance, Kraken, BitMEX ... they're all squ…