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The Four Horsemen of the Great Ravine, Part 1

By Ben Hunt | 17 Comments

Every so often, things fall apart.

In the words of those who lived it, here are the vibes and the semantic signatures of the twentieth century’s most devastating social collapses.

From the meaning in their words, wisdom for our future emerges.

Why Am I Reading This Now? 01.13.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



Why Am I Reading This Now? 01.06.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



Why Am I Reading This Now? 12.30.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



Why Am I Reading This Now? 12.23.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



Why Am I Reading This Now? 12.16.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



This is an exclusive subscriber-only preview of the first six chapters of Rusty Guinn’s upcoming book Outsourcing Consciousness: How Social Networks are Making Us Lose Our Minds. The book explores how evolution, polarization, and technology are slowly transforming humanity into a hive mind - and what we can and can't do about it.

The Long Now is everything we pull into the present from our future selves and our children. We are told that the economic stimulus and the political fear of the Long Now are costless, when in fact they cost us … everything.
Tick-tock.

Men of God in the City of Man is a nine part series about a Narrative virus that infected the charismatic and Pentecostal churches in the United States. It isn't a story about Christian Nationalism. It isn't a story about January 6th. It isn't a story about why people voted for Trump. It is a story about a story. It is a story about the language that created a self-sustaining movement defined by its unwavering belief in a fundamentally corrupt electoral system.

Amid the Widening Gyre of politics and the black hole of financial markets, the only anchor is us, together, walking with Clear Eyes and Full Hearts. Experience Ben's original 4-part series.

Recent Notes

Jesse After His Chili P Phase

Chili P is My Signature: Things that Don’t Matter #5

By Rusty Guinn | June 9, 2017

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.

Quantum Supremacy, Correlating Unemployment, and Buddhists with Attitude (by Silly Rabbit)

By Ben Hunt | June 7, 2017

What web searches correlate to unemployment, verbal and nonverbal behaviors, and methodologies with a fragility problem.

Complex Systems, Multiscale Information and Strange Loops (by Silly Rabbit)

By Ben Hunt | May 31, 2017

Complex systems, machine learning software creating machine learning software, one-shot imitation and the power of the platform.

She Screams, He Kidnaps (by Silly Rabbit)

By Ben Hunt | May 24, 2017

Proximity of verbs to gender, wiki-memory, fool me once (and twice), and a veritable zoo of machine learning techniques.

Oliver Bird

And They Did Live by Watchfires: Things that Don’t Matter #4

By Rusty Guinn | May 19, 2017

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.

Mo’ Compute Mo’ Problems (by Silly Rabbit)

By Ben Hunt | May 16, 2017

On hard problems, lazy XKCD references, the myth of superhuman AI, and valley grammar.

Westworld

By Ben Hunt | May 11, 2017

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.

1999 v2.0

By Ben Hunt | May 11, 2017

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.

Future Flash Crashes, Digital Darwinism & the Resurgence of Hardware (by Silly Rabbit)

By Ben Hunt | May 4, 2017

My view is that we are heading into a far more ‘interesting’ era of flash crashes of confused, or deliberately misled, algorithms.

Alibaba’s AI, JP Morgan’s Risky Language & the Nurture of Reality (by Silly Rabbit)

By Ben Hunt | April 26, 2017

Starcraft mastery from AI, risky language, and the map of physics. Also Zen vs. Tantra, because why not?

Daenerys and Tyrion

Break the Wheel: Things that Don’t Matter #3

By Rusty Guinn | April 24, 2017

Almost as much as we love stock discussions, we love talking about our favorite fund managers. These discussions are unfortunately almost always a complete waste of time.

AI Hedge Funds, Corporate Inequality & Microdosing LSD (by Silly Rabbit)

By Ben Hunt | April 18, 2017

On DARPA explainer videos, Burning Man invocations, and the impact of bad weather and high taxes on AI talent pools.

Change is in the Air

By Ben Hunt | April 17, 2017

By the time we got to episode 20 of the Epsilon Theory podcast, change was bound to happen. Coming to you from our New York office, Dr. Ben Hunt and producer Michael Corrao talk about changes to the Epsilon Theory website, Ben’s role, and the entire political system.

The Horse in Motion

By Ben Hunt | April 3, 2017

Many of the gaps in our knowledge are the result of our insistence on accepting our priors and using technology to answer questions we see as new. But what if we could develop techniques to challenge those priors with new questions?

Peter Griffin buys a tank.

What a Good-Looking Question: Things that Don’t Matter #2

By Rusty Guinn | March 31, 2017

We meet with our fund managers and financial advisers with a goal in mind. But we always end up talking stocks. If you insist on buying the tank, they’ll sell you a tank, folks.

Information, Please.

By Ben Hunt | March 27, 2017

On episode 19 of the Epsilon Theory podcast, Dr. Ben Hunt is joined by Rusty Guinn, Salient’s executive vice president of asset management. Picking up from their last conversation on fake news, Ben and Rusty consider the kinds of information that we have at our disposal and if we are asking the right questions in our analysis — or just searching for the answers we want.

Salient and Other Just-So Origin Stories (by Jeremy Radcliffe)

By Ben Hunt | March 24, 2017

An introduction to Jeremy Radcliffe, the Rabbit Hole and why it seems like the best asset management executives would be far happier as general managers of sports teams.

The Rabbit Hole: The War on Bad Science (by Jeremy Radcliffe)

By Ben Hunt | March 24, 2017

If questioning everything you ever thought you knew about science sends you into a downward spiral of crippling anxiety, this may not be the Rabbit Hole for you.

Protected: Selected COVID-19 Resources

By Rusty Guinn | March 18, 2017

There is no excerpt because this is a protected post.

I am Spartacus!

I Am Spartacus: Things that Don’t Matter #1

By Rusty Guinn | March 17, 2017

Oh, we all use index funds. ETFs. We all avoid the evils of acting trading, sure. But in the end, we are all active managers, friends. Yes, you, too.