There is a question that has tormented philosophers for centuries. Leibniz asked it. Heidegger called it the fundamental question of metaphysics. It still appears in late-night conversations, usually when the room has fallen quiet and someone has strayed a little...
Every field has a vocabulary, and the vocabulary matters more than it looks. Terms like attractor, ergodicity, phase transition and power law are not decorative imports from physics. They are the precise language required to describe things classical finance cannot...
My father sat in that chair every evening. Same chair, same angle to the television, same hour, after dinner, when the light through the window turned golden and then faded. Over the years the cushion moulded to him. The armrests...
Listen to the full episode here: Why the Best Portfolios Are Built to Be Wrong: https://www.toptradersunplugged.com/podcast/why-the-best-portfolios-are-built-to-be-wrong-ft-david-dredge-richard-brennan/ I have just spent two hours with Dave Dredge and Niels Kaastrup-Larsen, and I am still thinking about it. Here is the odd thing...
The room goes quiet. “Sold.” That single word ends an auction. But it also hides one of the deepest truths about markets. The textbooks call it price discovery, as though a true value had been buried somewhere and the auction...
You have seen it, even if you never stopped to name it. Dusk, maybe. Thousands of starlings over a field, moving as one. The flock contracts, expands, pivots. It flows like smoke, like water, like something alive. A falcon dives...
PREVIOUS: THE STILLNESS BEFORE | Episode 8 of 8: The Market That Keeps Talking After It Dies Why I wrote this I am a trend follower by trade, which is to say I make my living as one of the...
PREVIOUS: THE STILLNESS BEFORE | Episode 7 of 8: An Umbrella Is No Use in a Tsunami NEXT: THE STILLNESS BEFORE | A Closing Note: Why I Wrote It, and Whose Work It Stands On What we picture, and what...
PREVIOUS: THE STILLNESS BEFORE | Episode 6 of 8: Everyone Reaches for the Same Small Door NEXT: THE STILLNESS BEFORE | Episode 8 of 8: The Market That Keeps Talking After It Dies The drizzle and the deluge We left...
PREVIOUS: THE STILLNESS BEFORE | Episode 5 of 8: The Stillness Before NEXT: THE STILLNESS BEFORE | Episode 7 of 8: An Umbrella Is No Use in a Tsunami The wisp of smoke Picture a packed theatre, every seat taken,...
