Peer group comparisons are the primary measuring stick of both baseball GMs and investment PMs. Here’s how they are used and (more often) abused.
There’s a dog that didn’t bark in the midterm campaign. And its silence tells me a lot about where this country is going.
A good model isn’t just right. A good model has to be relevant. And in a world of abstraction and Narrative, engaging in relevant ways demands much more of us.
Neville Crawley, CEO of Kiva, returns to Epsilon Theory with “Rabbit Hole”, a regular series of notes on the nexus of government, society and technology.
We are wired to associate outcomes with the biggest single visible variance. This is a process-breaking flaw for general managers and portfolio managers alike.
A round-up of the most representative stories about the midterm elections between 9/30/2018 and 11/5/2018.
One way or another, boredom must be eliminated. It’s as much an iron law of markets as the impact of greed and fear. And it’s just as powerful.
It’s the defining quote for any performance-based social system, whether it’s football, politics, or markets. So let me ask you this: who owns your record?
Humility is in short supply on Wall Street. But the humility! Meme is not. Developing a process to understand the difference is important for any asset allocator.
Ben and I are pleased to announce the launch of Epsilon Theory Live – our audio/visual supplement to the existing written Epsilon Theory content! Epsilon…