“Survival is not proof of superiority. It is evidence of fit.” There is a familiar story traders like to tell themselves. The best ideas win. Superior insight survives. Over time, skill rises to the top. Markets, in this story,...
“Designed games have a dealer. Evolving systems do not.” A poker player observes the game from outside.A trader is part of the system they trade. This is why gambling metaphors, while sometimes useful, eventually break down. We can take lessons...
The Living Geometry of Markets Financial markets never sit still. They breathe, reorganise, and mutate. Every trade alters the structure that the next trade must navigate. This is reflexivity in motion, the continuous feedback loop between perception and price where...
“Cities are not machines we build, but organisms we grow.”– Paraphrased from Geoffrey West, Scale (2017) The Acceleration Paradox Geoffrey West’s Scale showed that growth in all systems follows the same physical logic.Whether we are looking at organisms, cities, or...
