Money managers have a different risk calculus than individual investors / gamblers. And since they manage large sums, what they process through their OODA loop will influence markets. So it usually pays to put ourselves in their shoes. Losing our own money is one thing, losing other people’s money is another. Full text here:
Here’s the US economy in a nutshell: corporate/state concentrations of financial, market and political power are the winners, and everyone outside these fortresses is…
When something scales faster than it can be absorbed or controlled, the resulting extremes break the system. That’s the problem of asymmetric scaling. Let’s…
Many of the topics I address are met with silence because they question the quasi-religious beliefs that underpin our entire way of life: the…
The Epstein files have unleashed a flood tide of bleatings of innocence and accusations of guilt by association. This is just what we’d expect…
This is essay #4 in the series the Revolution No One Sees Coming. To fix what’s broken we first have to 1) identify what’s…
Public expressions of gratitude are de rigueur in America: “I’m grateful for the opportunity to…” is one of the first lines of any public…
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