Next ET Live! Event – Today @ 2PM ET

By Rusty Guinn | April 11, 2019 | Comments Off on Next ET Live! Event – Today @ 2PM ET
Posted:

We hope you’ll join us HERE for the next edition of Epsilon Theory Live! on Wednesday, April 24th at 2PM ET. Remember that ET Live! is a subscriber-only event, so if you want to participate with this unique interactive feature, please make sure that you’ve subscribed to either our ET Premium or ET Professional service.

Featured Notes

This is Water

By Ben Hunt | April 17, 2019 | 13 Comments

Time to add a fourth shift in the Zeitgeist: capitalist productivity, now 200+ years old, is becoming capitalist financialization.

Wall Street gets something to sell, management gets stock-based comp, the Fed gets a (very) grateful Wall Street, and the White House gets re-election.

What do YOU get out of financialization? You get to hold up a card that says “Yay, capitalism!”.

Read more

The Epsilon Strategy

By Ben Hunt | March 25, 2019 | 11

We can be better investors. Not by playing the cards we’re dealt any harder. But by playing the other players at the table a lot smarter.

It’s a new technology applied to an old investment strategy. It’s a new way to think about money flows and investor behaviors.

Read more

The Ministry of Rites and the Compassionate Man

By Ben Hunt | March 17, 2019 | 14

“Oh, little Jimmy is going to 20-Years-Ago-This-Was-A-Second-Rate-University? I hear really good things about that school. Congratulations!”

“Thanks! We’re all very pleased. Everyone except my bank account, that is. Hahaha!”

It’s true, everyone is VERY pleased by the current system. Prestige university credentialing is a steam valve … \whispers\ just like elections.

Read more

You Are Here

By Ben Hunt | January 11, 2019 | 27

The greatest risk to your portfolio is a change in the zeitgeist. A change from deflation to inflation. A change from cooperative international games to competitive games. A change from capital markets to political utilities.

I think it’s all happening.

Read more

Most Recent Notes

The Zeitgeist – 4.9.2019

By Ben Hunt | April 9, 2019 | 3 Comments
Posted:

What fresh hell is this?

I know it’s originally a Dorothy Parker line, but Scream Queens made it their own. And it’s the only possible response to Forbes Brandvoice, where you, too, can “be an editor for your brand on Forbes.com”.

Just another day of fresh hell in narrative-world, here on the Daily Zeitgeist.

Read more

The Zeitgeist – 4.8.2019

By Rusty Guinn | April 8, 2019 | 7 Comments
Posted:

Today’s Monday Zeitgeist is all about book report analyses, central bank common knowledge, a new form of home finance in which you make principal payments over time, multi-level-marketing surprises again, and believability.

Read more

The Love/Hate Cartoon

By Rusty Guinn | April 7, 2019 | 2 Comments
Posted:

When it comes to telling us how ‘the smart money’ and ‘the dumb money’ are playing it, there’s always someone who will tell us it’s Duck Season, and someone who will tell us it’s Rabbit Season. The reality is that it’s always Elmer Season. You and me? We’re Elmer in this cartoon.

Read more

The Weekend Zeitgeist (3.31 – 4.6.2019)

By Rusty Guinn | April 6, 2019 | 3 Comments
Posted:

It’s the weekend, which means it’s a (mostly) finance-free zone on The Zeitgeist. This week-in-review gives us a glimpse into purchases of fine art, the comedic stylings of David Brooks, the continued relevance of Marvin Gaye, a marketing word salad and a solemn hymn to solemn hymns.

Read more

The Zeitgeist – 4.5.2019

By Ben Hunt | April 5, 2019 | 10 Comments
Posted:

March wage growth came in at 3.2% today, which is being described by everyone in financial media as “muted”.

Kinda like the Disney flacks telling us that Blue Will Smith is “fine”. It’s a different genie, but still.

As the immortal line in The Outlaw Josey Wales would have it, “Don’t piss down my back and tell me it’s raining.” Just another day in the Zeitgeist.

Read more

The Zeitgeist – 4.4.2019

By Ben Hunt | April 4, 2019 | 0 Comments
Posted:

Jeff Skilling is back, baby!

And that takes me back 30+ years, when a kid fresh out of college had a ticket to Houston Hobby airport and an offer letter from McKinsey.

Our lives are defined by the roads we avoid as much as by the roads we take. And more often than not, sheer blind luck is responsible for the difference.

Read more

The Zeitgeist – 4.3.2019

By Ben Hunt | April 3, 2019 | 0 Comments
Posted:

In which Fiddy does his part to jumpstart the Connecticut economy, Kendall Jenner shows us the way, and Chrissy Teigen shares the stage with … Jay Powell?

It’s all the news that’s fit to nudge, here in the Daily Zeitgeist.

Read more

First World Problems in Fund Management

By Rusty Guinn | April 3, 2019 | 4 Comments
Posted:

An interesting question with a straightforward answer. Put simply, if a fund manager tells you they’re selling, ignore the reason they give and replace it with “Big founder wants liquidity.”

Read more

ET Live! – 4.2.2019

By Rusty Guinn | April 2, 2019 | Comments Off on ET Live! – 4.2.2019
Posted:

This content is restricted to subscribers

The Zeitgeist – 4.2.2019

By Ben Hunt | April 2, 2019 | 1 Comment
Posted:

Maya Angelou not only knew what made the caged bird sing, but also what makes Fiat News tick.

People will forget what you said, people will forget what you did, but people will never forget how you made them FEEL.

Read more

The Zeitgeist – 4.1.2019

By Rusty Guinn | April 1, 2019 | 3 Comments
Posted:

Today’s Zeitgeist is all about trust in the trustless (ugh), hope springing eternal in Value Added, benchmarking the unbenchmarkable, Fiat News through bad Googling, and why we can’t shake fat fingers.

Read more

How to Live Safely in a Wall Street Universe

By Ben Hunt | March 31, 2019 | 7 Comments
Posted:

It’s the most valuable lesson I’ve got for any smart, young coyote embarking on a career in the Mob or in Wall Street: never ask for a cut on an existential trade idea.

Our Thing isn’t about the money. IT’S. ABOUT. THE. MONEY.

Except when it’s not.

Read more

The Weekend Zeitgeist – 3.30.2019

By Rusty Guinn | March 30, 2019 | 9 Comments
Posted:

The weekend Zeitgeist, in which we are reminded that we need Silicon Valley to tell us what art is, that we need Zucker and Murdoch to tell us what news is, and opposing politicians to tell us what we should be mad about.

Read more

The Ants and the Grasshopper

By Demonetized | March 28, 2019 | 14 Comments
Posted:

ET contributor Demonetized takes a fresh look at the fable of the Ants and the Grasshopper. Or rather, it’s an Epsilon Theory look, with Clear Eyes and a Full Heart. Metastability, too.

Read more

The Zeitgeist – 3.28.2019

By Ben Hunt | March 28, 2019 | 1 Comment
Posted:

Wells Fargo and Mastercard CEOs say blockchain has yet to live up to the hype, Bolsonaro has a post-election let-down in Brazil, you can increase profit margins by squeezing your suppliers, and other tales from Captain Obvious in today’s Zeitgeist.

Read more

The Zeitgeist – 3.27.2019

By Ben Hunt | March 27, 2019 | 0 Comments
Posted:

As a recovering short seller, I have the same reaction to the activist news on Bed Bath and Beyond as I do to video of Lawrence Taylor breaking Joe Theisman’s leg … I just can’t watch. Gotta turn away.

Come to think of it, this is kinda my reaction to all financial and political news these days.

Read more

The Front

By Rusty Guinn | March 26, 2019 | 2 Comments
Posted:

We take a break from Fiat News to talk about the much simpler, much more straightforward ways that we are told how to think.

They’re not new, but in the widening gyre of our current political Zeitgeist, they are becoming the main attraction.

Read more

The Zeitgeist – 3.26.2019

By Ben Hunt | March 26, 2019 | 3 Comments
Posted:

Yield curve alert! We have a BLARING SIREN that is FLASHING … … ummm, amber. I mean, AMBER! And $600 billion in healthcare insurance market cap will be WIPED OUT if Dems have their way!

They’re coming to get you, Barbara!

Read more

The Epsilon Strategy

By Ben Hunt | March 25, 2019 | 11 Comments
Posted:

We can be better investors. Not by playing the cards we’re dealt any harder. But by playing the other players at the table a lot smarter.

It’s a new technology applied to an old investment strategy. It’s a new way to think about money flows and investor behaviors.

Read more

The Zeitgeist Weekend Edition – 3.24.2019

By Rusty Guinn | March 24, 2019 | 5 Comments
Posted:

The weekend Zeitgeist, in which the Gray Lady’s news coverage gets even grayer, everybody loves Beto, Rusty discovers a new Hall of Fame about which he has opinions, and abstracted thinking in cheese research.

Read more