Search Results: letter from a birmingham

Generative AI Images and how Microsoft Doesn’t Understand the Internet

By Desperate_Yuppie | October 13, 2023 | 20 Comments
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Desperate_Yuppie, who goes by @Iron_Yuppie on Twitter or X or whatever you want to call that website, is a long-time Epsilon Theory reader who participates actively in…

IT’S. ABOUT. THE. MONEY.

By Ben Hunt | April 11, 2024 | 24 Comments
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I was a late arrival to the professional investment world, getting my start at the ripe old age of 41 at a firm called Iridian Asset Management,…

RIP, Expertise

By Ben Hunt | December 30, 2021 | 0 Comments
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Letter From a Birmingham Prison, I have almost reached the regrettable conclusion that the Negro’s great stumbling block in the stride toward freedom is not the White Citizens Councillor or…

Things Fall Apart (Part 3)

By Ben Hunt | October 24, 2018 | 23 Comments
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Download a PDF of Things Fall Apart (Part 3) Listen to an audio recording of Things Fall Apart (Part 3) Also available at: Things Fall Apart Part 1 Part…

In the Flow – It’s the Multiple, Stupid

By Ben Hunt | February 25, 2019 | Comments Off on In the Flow – It’s the Multiple, Stupid
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…walk through a bit of Warren Buffett’s annual Berkshire Hathaway letter, not as some genuflection to a received truth and not as some gotcha exercise, but as an example of…

Starry Eyes and Starry Skies

By Rusty Guinn | April 29, 2019 | 14 Comments
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letters patent to oversee the right of Americans to earn a good living. In short, we created a guild. You know, what the Romans called ‘collegia.’ Like guilds, our universities…

The Spanish Prisoner

By Ben Hunt | July 7, 2019 | 26 Comments
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…husband/boyfriend’s name – Randy – tattooed on the back of her neck, and Randy had the letters T – R – U – S – T tattooed on the fingers…

The Long Now, Pt. 3 – Wink

By Ben Hunt | October 17, 2019 | 13 Comments
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Download a PDF of  The Long Now, Pt. 3. Download or listen to an audio recording of The Long Now, Pt. 3 – Wink. Also available at:…

The Long Now, Pt. 4 – Snip!

By Ben Hunt | December 26, 2019 | 22 Comments
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Download a PDF of  The Long Now, Pt. 4. Download or listen to an audio recording of The Long Now, Pt. 4 – Snip! Also available at:…

When the Story Bends

By Rusty Guinn | March 24, 2020 | 10 Comments
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The pandemic Narrative changed this weekend. I’m guessing you felt it. Let me show you what you probably felt. Pictured below is a network graph of articles…

The Invulnerable Hero*

By Rusty Guinn | January 28, 2021 | 15 Comments
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Siegfried bathes in dragon’s blood, from Fritz Lang’s Die Nibelungen (1924) The Invulnerable Hero* is among our most treasured and recurring tropes. It is the core feature…

When Does the Game Stop?

By Peter Cecchini | February 1, 2021 | 6 Comments
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This piece is written by a third party because we think highly of the author and their perspective. It may not represent the views of Epsilon Theory…

The Third Rail Switch

By Rusty Guinn | February 23, 2021 | 21 Comments
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Karl Rove, presenting to the California GOP (Source: LAist) For most of the last 40 years – at least since Tip O’Neill or one of his aides…

Sacrifice for Thee, Vast Wealth for Me

By Ben Hunt | August 25, 2020 | 11 Comments
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…I’m going to reprint excerpts from that letter – which is couched in the saccharine vocabulary of modern team-speak, but is in truth a shakedown letter to employees and a…

Hobson’s Choice

By Ben Hunt | November 20, 2018 | 7 Comments
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[Ed. note – “Things Fall Apart (Part 3) – Politics” is the longest note I’ve written, and it could have been a lot longer because there’s just…

You Are Here

By Ben Hunt | January 11, 2019 | 27 Comments
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…visual, interactive representation of that dimension. And not just for Epsilon Theory texts, but for any collection of texts. Warren Buffett’s annual letters. Sell-side analyst reports on Tesla. The collected…

Pricing Power (pt. 3) – Government Collaboration

By Ben Hunt | February 24, 2019 | 12 Comments
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I feel like Tim the Enchanter a lot, especially when I spend much time on Twitter. When an inflation regime shifts, there’s only one question that really…

The Rent Is Too Damn Low

By Ben Hunt | November 25, 2019 | 8 Comments
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My favorite part of the Jimmy McMillan ouevre is the gloves. And while I completely agree with McMillan that the rent is too damn high when it…

Too Connected to Fail

By Rusty Guinn | May 4, 2020 | 13 Comments
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Epsilon Theory PDF Download (paid subscription required): Too Connected to Fai l If you owe the bank $100 that’s your problem. If you owe the bank $100…

The Opposite of 2008

By Ben Hunt | March 2, 2021 | 27 Comments
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In late 2007 I started counting the For Sale signs on the 20 minute drive to work through the neighborhoods of Weston and Westport, CT. I’m not…