The second moral license from a wise emphasis on passive investing is spending inordinate amounts of time on tilts, trades and tactical ideas that will never influence our portfolio results.
What web searches correlate to unemployment, verbal and nonverbal behaviors, and methodologies with a fragility problem.
Complex systems, machine learning software creating machine learning software, one-shot imitation and the power of the platform.
Proximity of verbs to gender, wiki-memory, fool me once (and twice), and a veritable zoo of machine learning techniques.
For the bored (read: profitable) investor, the bias to action is a constant threat. As we become more passive in our strategies, the moral license to ‘do something’ is exaggerated, and must be curtailed.
On hard problems, lazy XKCD references, the myth of superhuman AI, and valley grammar.
If political parties in Western democracies were stocks, we’d be talking today about the structural bear market that has gripped that sector. Show me any country that’s had an election in the past 24 months, and I’ll show you at least one formerly big-time status quo political party that has been crushed.
On episode 21 of the Epsilon Theory podcast, Dr. Ben Hunt is joined by Brad McMillan, CFA, CAIA, the chief investment officer at Commonwealth Financial Network®. Brad graciously hosts us at Commonwealth’s headquarters in Waltham, Massachusetts. Ben and Brad talk about their mutual love for Terry Pratchett, Narrative causality, the French elections, and how technology is changing the financial advisory business.
My view is that we are heading into a far more ‘interesting’ era of flash crashes of confused, or deliberately misled, algorithms.
Starcraft mastery from AI, risky language, and the map of physics. Also Zen vs. Tantra, because why not?