Variance & Covariance Cheat Sheet Starting points (where every derivation begins) Everything below is derived from these definitions. They're the…
Programming Note: I normally publish Munchies on Wednesday and the paid post on Thursday, but this week I will post…
One of the most important concepts in risk-taking is bet sizing. Which is unfortunate because people are quite bad at…
In this issue: slow burn mental bet sizing for everyone sizing for real-life decisions Friends, Riddle me this: Reading moontower…
In this issue: energy as the ultimate currency “middle manager” fiction Friends, A year ago I wrote a piece called…
I ask for your indulgence, for what follows is an informal word-wall connecting conversations I’ve had with some W2 friends.…
A year ago I wrote a piece called Capitalism Is a Temporary Condition. Buried in it was a thought: An investor…
In Chapter III of The Theory of Political Economy, William Jevons describes the economic notion of marginal value in 1871. Nor, when…
Back in my SIG days, every trader had a cell on their spreadsheet showing the SPUs (the name for SPX…
In this issue: for when the world slows down family investing webinar futures premium cell Friends, I’m in Vegas with…