Two Things I Think I Think

2+ Peter King (the sportswriter, not the Congressman) writes a football column where
You have reached the maximum number of free, long-form articles for the month.

Please join here to read the rest of this content.

Paid Members can log in here.

To learn more about Epsilon Theory and be notified when we release new content sign up here. You’ll receive an email every week and your information will never be shared with anyone else.

Notify of
1 Comment
Inline Feedbacks
View all comments
Andrew Meyer
1 year ago

Ben, happy Labor Day weekend and thanks for a thought provoking and educational post. As someone who is a software engineer in the startup world, you have informed and expanded my contextual understanding. With that as background, I’d like to unpack your comment about “corporate investment in productive economic activities” a little bit. As someone who’s written software in corporate environments and startups, I can attest that the saying that “it’s easy for businesses to turn capital into fleets of cars, buildings or factories, but difficult for them to turn it into working software.” I’d add to that “user friendly” software. I’m not talking about companies like Google or Microsoft or other companies birthed and living in the world of software development, rather I’m talking about legacy businesses, the GEs/GMs, Procter & Gambles or Bank of Americas’. Companies born in a different era with corporate hierarchies, communication structures and decision making processes that virtually assure hideous software. Anytime your frustrated checking your bank balance online, spare a thought for the people who have to write software they know is half done and support software that half works. If leveraging the internet’s virtually infinite free capacity and good software’s virtually infinite scaling ability are among the best corporate investment and yet legacy businesses are challenged to write software that leverages those opportunities; where can companies invest to generate productive economic activities? I ask that, thinking about the ramifications of Le Tote buying Lord & Taylor. ( No, I had never heard… Read more »

The Latest From Epsilon Theory


This commentary is being provided to you as general information only and should not be taken as investment advice. The opinions expressed in these materials represent the personal views of the author(s). It is not investment research or a research recommendation, as it does not constitute substantive research or analysis. Any action that you take as a result of information contained in this document is ultimately your responsibility. Epsilon Theory will not accept liability for any loss or damage, including without limitation to any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Consult your investment advisor before making any investment decisions. It must be noted, that no one can accurately predict the future of the market with certainty or guarantee future investment performance. Past performance is not a guarantee of future results.

Statements in this communication are forward-looking statements. The forward-looking statements and other views expressed herein are as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements, and there is no guarantee that any predictions will come to pass. The views expressed herein are subject to change at any time, due to numerous market and other factors. Epsilon Theory disclaims any obligation to update publicly or revise any forward-looking statements or views expressed herein. This information is neither an offer to sell nor a solicitation of any offer to buy any securities. This commentary has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Epsilon Theory recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.