All Epsilon Theory Content
The soul of Epsilon Theory is our long-form content, a library of hundreds of pieces written by Ben, Rusty and others over the course of the last 5+ years. These are the print-and-take-home-for the weekend notes that made Epsilon Theory what it is today.
I know, I know … it’s me being mean to Neel Kashkari again.
Sorry, not sorry. Belittlement and scorn is the only weapon we have against the creeping ensorcellment of the Long Now.
More from the world of universities-as-guilds and the weird war between the merely rich and ultra-rich.
So I downloaded and compiled every SEC Form 4 filing that former Boeing CEO Dennis Muilenburg has ever made, to answer one simple question:
How much money did Dennis Muilenburg suck out of Boeing over the last ten years?
We are emerging from the year end, so the language shared across financial media articles is performance language. How did stocks, markets, benchmarks, funds and strategies perform in 2019?
Frequent readers will recognize Gell-Mann Amnesia as a favorite topic here at Epsilon Theory.
There is a chart I’ve been thinking about a lot lately, and I want to tell you about it. Before I do, I also wanted to show it to you, along with a simple request: Tell me what you think that it is. Put it in the comments if you’re a subscriber. If you’re not, …
I feel like the Billy Crystal character in Analyze This all the time. There’s always some mob boss politician or central banker or CEO or asset manager pinching my cheek and telling me that it’s all gonna be okay, that I’ve just gotta understand how things are.
My god, I am so tired of having my cheek pinched. I am so tired of being nudged in such an artless, heavy-handed way. I am so tired of being told that 2 + 2 = 5.
Every day we run the Narrative Machine on the past 24 hours of financial media to generate a list of the most linguistically-connected and narrative-central individual stories. We call this The Zeitgeist and we use it for inspiration or insight into short-form notes that we publish a couple of times a week to the website. To receive …
The Long Now has severed the tether between taxation and spending – the most important macroeconomic policy relationship in our social lives as both investors and citizens.
Here’s what that means.
And here’s what we’re going to do about it.
Join us at 2PM ET on December 19th for the last 2019 edition of Epsilon Theory Live! for a lively – and live – discussion of the narrative intersection of politics and financial markets.
The Long Now wouldn’t be complete without the Long War. And as with every other component of the Long Now, its supporting memes are intensely cynical.
If you don’t see that there is one set of rules for the very rich and another set of rules for everyone else … if you don’t see that there is an unaccountable political power that accrues to the very rich in both big social ways and in small personal ways … well, you’re just not paying attention.
It is our second time now to turn the lens we apply to other news sources to our own creative output. Here is a Very Epsilon Theory retrospective on 2019.
Trucking is dying and truckers are suffering along with it. The fact that the latter is the framing being chosen for the issue should pique your interest.
We’ve gotten a lot of responses and thoughts on By Our Own Petard, so we thought we would talk about some of them in another Mailbag feature.
Regardless of your personal views pro or con, if you don’t see that a powerful narrative backlash is forming against corporate management enrichment, you’re just not paying attention.
ET contributor Demonetized creates his own koan in this very personal note.
Is morality socially constructed through a process where biological systems are socially conditioned to respond in particular ways to particular stimuli, or is morality an innate moral compass manifested in Kantian ethics?
Sometimes you really have to wonder how on earth an article makes its way into the Zeitgeist. Sometimes it’s best not to know.
Negative rates create a cycle of addiction to even more negative rates in the future.
Why? Because captive buyers like pension funds require capital appreciation to make up for negative yield, so central banks must guarantee a commitment to still more negative yields.
New from ET contributor Pete Cecchini!
It’s so weird that everyone who would throw an unholy temper tantrum at – gasp! – rent-controlled apartments is just fine with rent-controlled money.
Fiduciary standards, prudent man rules and client sensibilities compel us toward fervent pursuit of “alignment.” There’s just one little problem: we can never be aligned with our agents.