Epsilon Theory In Brief

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.

Mailbag: Letter From a Birmingham Museum

By Ben Hunt | August 29, 2018 | 0 Comments

Catching up on correspondence with some notable reader emails. In this edition, we take a look at some reader responses to the recent note ‘Letters from a Birmingham Museum.’

Mailbag: Wall of Worry

By Ben Hunt | August 28, 2018 | 0 Comments

Climbing a wall of worry is the least understood and most powerful crowd behavior of a bull market. When there’s no real information, we create it by conquering artificial hurdles and challenges.

Epsilon Theory Core Curriculum, Vol. 1

By Ben Hunt | August 27, 2018 | 0 Comments

The OG Epsilon Theory reading list, now 4 years old. Luckily the classics never change. (Ed. Note: This is true, Ben, but not an excuse to keep quoting The Godfather) (Ed. Ed. Note: Got any more LOTR quotes, Rusty?)

Men Who Wear Hats

By Ben Hunt | August 25, 2018 | 0 Comments

Teaser: What do Tesla, crypto, and men-who-wear-hats all have in common? They’re all driven by fashion, which is another word for the Common Knowledge game.

The Pension Cartoon

By Ben Hunt | August 24, 2018 | 0 Comments

Nowhere is the cartoonification of politics and investing more prominent than in PensionWorld, where the need to appear to do something is often more powerful than our ability to do so.

Second Foundation

By Ben Hunt | August 23, 2018 | 0 Comments

Isaac Asimov’s Foundation Trilogy isn’t just science fiction. It’s a blueprint. It’s a blueprint for how civilization falls, or a culture fails, and what it takes to rebuild it as quickly as possible.

The Next Slide

By Ben Hunt | August 23, 2018 | 0 Comments

The true face of Futurism is one part technological dependence, and two parts obsession with the technologies we create, instead of the people they were designed to help.

Death in the Afternoon

By Ben Hunt | August 22, 2018 | 0 Comments

In which Ben discovers that losing a hive of bees, like losing sociopathic sheep, industrially inefficient chickens, or really any farm animal, teaches its own lessons.

Mailbag: One Ring to Rule Them All

By Ben Hunt | August 22, 2018 | Comments Off on Mailbag: One Ring to Rule Them All

In which readers ask how to apportion the market effects of Fed jawboning and Fed asset purchases and sales (to the extent that the latter is not just part of the former’s cartoon).

Michael Cohen’s Flip Is a Big Narrative Deal

By Ben Hunt | August 21, 2018 | Comments Off on Michael Cohen’s Flip Is a Big Narrative Deal

In tangible terms, I’m not sure that Michael Cohen’s flip on DJT has done much to change anything, as much as the left would like it do. From a Narrative perspective, however, it is a big deal.

Mailbag: Rural vs. Urban Divide

By Ben Hunt | August 20, 2018 | Comments Off on Mailbag: Rural vs. Urban Divide

In which we reference an interesting article from Colin Woodward arguing against Common Knowledge of the rural/urban divide in the United States.

Tesla Rekt

By Ben Hunt | August 20, 2018 | Comments Off on Tesla Rekt

We write about the Common Knowledge Game a lot in Epsilon Theory, because it’s the central game of crowds and narratives.

Common knowledge is something that we all believe everyone else believes. 

Grant Williams “In Conversation” with Ben Hunt

By Ben Hunt | August 17, 2018 | Comments Off on Grant Williams “In Conversation” with Ben Hunt

Well, you know you’ve really made it in this business when Grant Williams shows up on your doorstep with his crew. What an honor to…

Protected: Selected COVID-19 Resources

By Rusty Guinn | March 18, 2017 | Comments Off on Protected: Selected COVID-19 Resources

There is no excerpt because this is a protected post.