To our readers, to our supporters, to our engaged commenters, and to the people who have compared Epsilon Theory to drinking paint, a word: thanks.
It’s an old chess saying: “The easiest way to defeat a gambit is to refuse it.”
But that’s just the start of a successful metagame.
I don’t know what the Fed should do in December. But I do know how financial media (and Donald Trump) want you to think about what they should do in December.
“What do you mean you don’t make side orders of toast? You make sandwiches, don’t you?”
Bobby thinks he has lots of choices, but really he only has one.
We’re all Bobby today.
Take back your vote.
Take back your distance.
Take back your data.
How to make our way as citizens in a fallen world, with Clear Eyes and Full Hearts to make it better.
When something becomes as necessary, accepted and right-sounding as ‘process’, it can be tough to tell the difference between the Cartoon and the genuine article.
All the tech links you need for a great weekend read.
A quick note on no-coiners, people (like me) who have never owned Bitcoin, but have just watched from afar. We’re being played. Not to buy Bitcoin, but to obey the logic of the flock.
Our brains’ responses to memes are mostly existential – fight or flight. We can’t turn off these responses. But we can train our behavior to question them.
I don’t know that any investor’s mean expectation for Amazon ought to have moved an inch. But should a poorly played metagame change investors’ probabilistic outlook? I think so.