Epsilon Theory In Full
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.
The Olympic games are known as a time of triumph and glory. The truth is that a lot more work goes into creating and maintaining that Narrative than you’d expect.
It is a fact that migrants here illegally have spread, are spreading, and will spread Covid-19.
It is also a narrative. A dangerous, seductive, rapidly spreading narrative that will cause many of us to shut off our minds to other facts, which is what narratives DO.
How do we parse the two?
Here’s my take on this weekend’s Senate wrangling over the infrastructure bill, and the implications for crypto.
The US Treasury is the Eye of Sauron — a gigantic panopticon tower that sweeps the world with its unblinking gaze, seeking out the owners of power, i.e. money.
And Sauron remains undefeated.
From the ET Forum … With the jobs report today showing 4% year-over-year wage inflation and 0.4% month-over-month wage inflation, it seems like a good…
In the world of Nudge, everyone is an ad man, and the government is just the biggest, baddest ad man of them all.
The recording of the July 2021, Epsilon Theory webinar about The Narrative Machine.
From the ET Forum … So that’s where we are in our local real estate market – low demand, low supply, high price expectations – and my…
The Boston Molassacre was one of the great tragedies of the early 20th century. So why isn’t it treated like one?
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?
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. Maybe days.
But until that happens, the delta-variant narrative explaining markets is a wall of worry, an artificially easy hurdle to climb for a market that only really cares about a dovish Fed sticking to its transitory inflation story.
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 the environment, race, politics and now – violent crime.
Welcome to Metaworld.
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 that speculative coin. Not by facilitating a market of goods, but by facilitating a market of GOOD.
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.
Epsilon Theory may have gotten its formal start in 2013, but the soft launch took place in 1991. That’s when my partner Ben finished his…
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 destroying the integrity of the Academy Awards and fundamentally altering how Hollywood makes movies.
The politicization of inflation into a partisan “There Is No Inflation!” TM Narrative by the nudgers and mandarins on the left is really depressing. The…
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.
The formation of new “asset classes” and their associated narratives is a fascinating sight.
Using Burford Capital as a case study, new ET contributor Bruce Packard gives us a great primer on litigation-finance-as-an-asset-class.
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 both seats. I’ve had good years and disappointing years. So I present this advice with the utmost humility …
We make it no secret that our research program here is all about using natural language processing to identify and measure narratives in the world.…