Do you remember what your portfolio’s return in 2002?
During very tough times, many want simple explanations
Economic cycles don’t care who the president is and they certainly don’t care what the calendar says
The bloodless verdict of the market is beginning to call bullsh*t on his economic claims
There are skills that help at one stage but backfire at another.
The subjective experience of objective reality
The emotional fabric softener of workplace interactions
The market is collectively smarter than any of us are individually
I’m about to tell you some real shit.
The peasants started communicating with each other outside of the silos
Can you really call yourself a quant if you don’t use the word “robust” in at least one white paper?
Sometimes a society can see its end approaching from afar and still not be able to adapt