We are postponing our Epsilon Theory Live! event scheduled for this afternoon until Thursday in expectation of interruptions from Tropical Storm Isaias. We look forward to our time with all of you then!
The Zeitgeist
The Grifters, chapter 1 – Kodak
We’ve been assaulted by three brutal grifts in just the past week … three smacks from Bobo and his bag of oranges … each deserving of an Epsilon Theory note.
Here’s chapter 1 – the ludicrous crony capitalism of the US government giving Kodak $765 million for “pharmaceutical supply production”.
The Stupid War
The war over reopening schools is a proxy war.
The real war is between political parties, but they’ve set up the fight as teachers on one side vs. parents on the other.
This is not our war. This is THEIR war.
How to stop it? We refuse to fight.
ET In Full
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 lever and a fulcrum on which to place it, and I will move the world. – Archimedes (287 – 212 BC) Play-offs?!? Don’t talk about…Play-offs?!? You kidding me? Play-offs?!? – …
Sometimes a Cigar is Just a Cigar
Neurosis is the inability to tolerate ambiguity. – Sigmund Freud (1886 – 1939) To learn which questions are unanswerable, and not to answer them: this skill is most useful in times of stress and darkness. – Ursula K. Le Guin, “The Left Hand of Darkness” (1969) Is everything connected, so that events create resonances like …
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 can ask for. – Alex Rodriguez press conference, February 17, 2009, regarding his steroid use from 2001 – 2003. I’m ready to put this chapter behind me and play some ball. …
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 found that you don’t need to wear a necktie if you can hit. – Ted Williams (1918 – 2002) They say that nobody is perfect. Then they say that practice makes …
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 date. The message in a nutshell: financial advisors of all stripes and sizes would be well-served to do more than serve up old-school diversification platitudes in this Brave New World …
ET Poll
Archive Spotlight
Even When I Lie
The way I see it, there are three reasons a person becomes a liar: he believes that he must, he believes that he may, or he believes it serves a Greater Truth.
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ET Live!
ET Live! – 6.30.2020
It’s the June 30th edition of ET Live!, an interactive livestream in which Ben and Rusty discuss all things narrative in the world today.