If you were a smart guy like MicroStrategy CEO Michael Saylor and you thought a stagflationary tsunami of enormous proportion was going to wash over the US economy regardless of who wins in November, what would you be doing right now?
I think you might be doing whatever you can to get liquid in the global reserve currency without spooking the marks.
Recent major media stories that feel to us like they’re part of a larger narrative campaign.
Recent major media stories that feel to us like they’re part of a larger narrative campaign.
Recent major media stories that feel to us like they’re part of a larger narrative campaign.
The cure for the cancer of gun culture and police culture is not to be found in reform laws around guns and police, but in reform ideas around culture, ideas that create a new dimension of American society that rejects LARPing and LARPers alike.
Inflation
What made Bitcoin special is nearly lost, and what remains is a false and constructed Narrative that exists in service to Wall Street and Washington rather than in resistance.
The Bitcoin narrative must be renewed. And that will change everything.
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Crypto
Recent Notes
Actually Maybe Not So Excellent
Everything under heaven is in chaos; the situation is excellent. ― Mao Zedong (1893 – 1976) A quick email on China’s currency devaluation last night.…
“Suddenly, Last Summer”
A quick Epsilon Theory email and a quick announcement. Announcement first. I’ll be giving a 1-hour webcast on Risk Premia strategies next Tuesday, August 4th,…
The New TVA
War is too important to be left to the generals. – Georges Clemenceau (1841 -1929) Competition has been shown to be useful up to a…
1914 is (still) the New Black
There are decades where nothing happens; and there are weeks where decades happen. – Vladimir Lenin (1870 – 1924) In 1914, Europe had arrived at…
1914 is the New Black
Man in Black: All right. Where is the poison? The battle of wits has begun. It ends when you decide and we both drink, and…
Inherent Vice
Want to get hours of your week as a professional investor back? Want to reduce pointless portfolio activity and bad use of time with clients? Stop predicting games of chicken.
Two Growth Announcements and One Not So Much
I’m with you in Rockland where we are great writers on the same dreadful typewriter. – Allen Ginsberg, “Howl” (1956) Give me a long enough…
Sometimes a Cigar is Just a Cigar
More on Information Theory.
More Probable Than Not
The only thing that I ask from this group today and the American people is to judge me from this day forward. That’s all I…
The Talented Mr. Ripley
The more I practice, the luckier I get. – Gary Player (b. 1935) Luck is the residue of design. – Branch Rickey (1881 – 1965) I’ve…
It’s Still Not About the Nail
Reader reaction to the March 31 Epsilon Theory note, “It’s Not About the Nail”, was probably the strongest and most positive for any note to…
It’s Not About the Nail
Do, or do not. There is no try.” – Yoda, “Star Wars: Episode V – The Empire Strikes Back” (1980) I see it all perfectly;…
Troy Will Burn – the Big Deal about Big Data
For the life of me, I don’t understand the debate [over the NSA metadata program]. – Jeb Bush, February 18, 2015 The Central Intelligence Agency…
Epsilon Theory Mailbag: Bitcoin and Big Data
One of the best parts of authoring Epsilon Theory is the correspondence I get from readers. For the past few months, however, I’ve been frustrated…
Why Take a Chance?
Vinny Forlano: He won’t talk. Stone is a good kid. Stand-up guy, just like his old man. That’s the way I see it. Vincent Borelli:…
The Effete Rebellion of Bitcoin
In structure, Bitcoin is a bearer bond.
In meaning, Bitcoin is the cautious expression of a rebellious identity.
First Known When Lost
I never noticed it until ‘Twas gone – the narrow copse Where now the woodman lops The last of the willows with his bill –…
7 Quick Points on Europe
#1) Here are the most relevant recent notes for an Epsilon Theory perspective on the underlying political and market risks in Europe: “The Red King”…
Ghost in the Machine, Part 1
The way out is through the door. Why is it that no one will use this method? ― Confucius (551 – 479 BC) Tanzan…
Catch – 22
Four times during the first six days they were assembled and briefed and then sent back. Once, they took off and were flying in formation…