Markets are complex adaptive systems. Trends are their emergent output. And trend following harvests a structural feature of reality, not a temporary anomaly PREVIOUS: THE GEOMETRY OF WEALTH | Episode 4 of 15: The Smooth World That Never Was| NEXT:...
The Natural History of Markets: A Field Guide to Finance as a Living System A ten-part series that examines markets the way a naturalist examines an ecosystem — and what it means for how you think about edge, survival, and...
Why financial returns are not normally distributed, why extreme events are not anomalies, and why the world that actually exists is the world for which trend following was built PREVIOUS: THE GEOMETRY OF WEALTH | Episode 3 of 15: The...
Why the most trusted metric in finance is optimised for a world that does not exist, and how it hides the geometric superiority of the processes that protect compounding PREVIOUS: THE GEOMETRY OF WEALTH | Episode 2 of 15: The...
Why losses and gains are not mirror images, and why this asymmetry is the most important force acting on your wealth PREVIOUS: THE GEOMETRY OF WEALTH | Episode 1 of 15: The Lie of the Average | NEXT: THE GEOMETRY...
Why the number the industry quotes you is mathematically guaranteed to overstate your wealth NEXT: THE GEOMETRY OF WEALTH | Episode 2 of 15: The Asymmetry Trap In 2000, a 58-year-old teacher in Ohio invested her retirement savings in a...
The Argument, Complete Ten foundations. One coherent case for why the Outlier Hunter’s programme is built the way it is, why each element depends on every other, and where to go next. Previous: Foundation 10: The Psychology of Following a...
The Psychology of Following a Process You Trust Understanding the system is the beginning. Living inside it when the programme is working against you, when the losses are accumulating and every instinct argues for a different course, is where the...
How to Read an Equity Curve An equity curve is not a score. It is a document. The Outlier Hunter reads it differently from the Risk-Managed Trend Follower, because the programme it describes is built around a different relationship with...
The Deep Structure of Markets: How Markets Actually Work — And What It Means for How You Trade A twelve-part series on the invisible geometry beneath market behaviour, and the framework it gives traders for seeing what others miss. Watch...
