Epsilon Theory In Brief

Daily short-form pieces for those without the time (or attention span) for classic Epsilon Theory notes. Look out for regular features like the subscriber mailbag and guest contributions from within the Epsilon Theory network.


ET Live – 2.19.19

By Rusty Guinn | February 19, 2019 | Comments Off on ET Live – 2.19.19

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The Zeitgeist | 2.19.2019

By Rusty Guinn | February 19, 2019 | 0 Comments

In which we learn about new voices in the hospital, we pile on the Fed, and we exult in stocks “edging up” on trade talk progress (I’ve forgotten what take we’re on).

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By Rusty Guinn | February 18, 2019 | 1 Comment

The hardest job for any financial adviser is knowing when a fiduciary mindset should guide us to take a stand, and when it should guide us to adopting flexibility. If we claim to have a process, we have to have an answer for this.

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The Alchemy of Narrative

By Demonetized | February 18, 2019 | 0 Comments

Every investor who wants to understand narrative and its impact on markets should read “The Alchemy of Finance”, by George Soros.

ET contributor Demonetized rediscovers the joys of Soros. It’s all reflexivity, all the time.

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The Zeitgeist | 2.15.2019

By Rusty Guinn | February 15, 2019 | 0 Comments

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 | 2 Comments

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

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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The Zeitgeist | 2.13.2019

By Rusty Guinn | February 13, 2019 | 0 Comments

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

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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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

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

The Zeitgeist | 2.12.2019

By Rusty Guinn | February 12, 2019 | 0 Comments

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

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

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

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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Blast from the Past

By Rusty Guinn | February 9, 2019 | 10 Comments

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

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

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

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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The Zeitgeist | 2.6.2019

By Rusty Guinn | February 6, 2019 | 0 Comments

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

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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