Month

Hope all goes well… I take late-summer off from writing weekend notes. Reading more, recharging. And I’m working on a longer-form piece about a favorite strategy for the wild decade ahead. A scalable opportunity whose star is rising. Something overlooked, unloved. Be back with it in early September. In the meantime, dusted off an anecdote about learning when to take a profit (see below). All the best, E Week-in-Revie

Hope all goes well… I take late-summer off from writing weekend notes. Reading more, recharging. And I’m working on a longer-form piece about a favorite strategy for the wild decade ahead. A scalable opportunity whose star is rising. Something overlooked, unloved. Be back with it in early September. In the meantime, dusted off an anecdote that preceded the 2018 VIX debacle – exploring Goodhart’s Law (see below)

Anecdote: Each generation believes it can create a better world. Were it not so, we would still live in caves. Some generations thirst for change through revolution. That probably has to do with longer term economic and political cycles. But for whatever reason, amongst these revolutionary generations, some are more determined, effective. The 1960s-70s youth seemed radical, but they were far from French revolutionari

Hope all goes well… “Each player has one thing that makes him insanely special, almost inhuman,” said Jackson, my oldest, the two of us lying on the sidelines in the sun, talking competition, developing excellence, watching Charlie play 6th grade summer lax. “That’s the difference between good and great – just one special thing,” he said. “The margin of error in everything you do collapses in Division 1. Each movemen

Hope all goes well… Dusted off an anecdote from 2017 about risk taking, examining anxiety, and learning how to tell the few opportune times from all the others. See you next Sunday with full weekend notes. Happy 4th. E Week-in-Review (expressed in YoY terms): Mon: Delta variant ravages UK – most daily cases since January – Portugal requires non vaccinated UK travelers to quarantine – HK bans flight from U