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ET on Tape

Anytime, Anywhere

The only thing better than reading an Epsilon Theory note is listening to one! To better accommodate our readers and spread our message as far as possible, we've created a collection of audio recordings of our favorite notes. Now you can listen to Epsilon Theory anytime, anywhere!

All Epsilon Theory Recordings

Too Clever By Half

By Ben Hunt | February 5, 2018

The inevitable result of financial innovation gone awry, which it ALWAYS does, is that it ALWAYS ends up empowering the State. When too clever by half people misplay the meta-game, that’s all the excuse the State needs to come swooping in and crush them, just as they are with Bitcoin today they did with Bear and Lehman in 2008. Installment #10 from Notes from the Field.

Clever Hans

By Ben Hunt | October 26, 2017

Part 7 of Ben’s Notes from the Field series reminds us that you don’t break a wild horse by crushing its spirit. You Nudge it into willingly surrendering its autonomy. Because once you’re trained to welcome the saddle, you’re going to take the bit. We are Clever Hans, dutifully hanging on every word or signal from the Nudging Fed and the Nudging Street as we stomp out our investment behavior.

A Song of Ice and Fire

By Ben Hunt | May 27, 2019

We are the human animal.

We are non-linear.

We ARE a song of ice and fire.

It’s a song that has built cathedrals and fed billions and taken us to the moon. It’s a song that can do all of that and more … far, far more … if only we remember the tune.

The Pack remembers.

Things Fall Apart (Part 3)

By Ben Hunt | October 24, 2018

The Fed, China and Italy are the Three Horsemen of the Investment Semi-Apocalypse. They’re major market risks, but you’ll survive.

There’s a Fourth Horseman. And it will change EVERYTHING about investing.

The Long Now, Pt. 3 – Wink

By Ben Hunt | October 17, 2019

I believe that we are on the cusp of the Long Now becoming irreversible. Or at least irreversible without a cataclysmic Fall.

Why? Because they have mastered the art of stealing our tells. At scale.

Here’s how we start to confound the stolen tells. At scale.

The Long Now, Pt. 2 – Make, Protect, Teach

By Ben Hunt | September 11, 2019

It’s time to start a fire. To burn, yes, but also to illuminate.

My advice? Abandon the political party as your vehicle for political participation.

My alternative? Find your Pack.

My platform? Make – Protect – Teach.

The Long Now, Pt. 1 – Tick-Tock

By Ben Hunt | July 31, 2019

The Long Now is everything we pull into the present from our future selves and our children.

We are told that the economic stimulus and the political fear of the Long Now are costless, when in fact they cost us … everything.

Tick-tock.

The Long Now, Pt. 4 – Snip!

By Ben Hunt | December 26, 2019

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.

Men of God in the City of Man, Part 4: Epimemetics

By Rusty Guinn | July 7, 2023

Every Narrative is built on memes that have evolved and adapted to human culture over centuries.

But some environments change the way that those memes are expressed. The effects can be explosive.

Men of God in the City of Man, Part 2: Carriers

By Rusty Guinn | August 31, 2023

Every virus needs carriers to spread. Even a narrative virus.

We can learn a lot from what they have in common.