The 10th Man, February 2020

An Orgy of Speculation

February 27, 2020

I may not be good for much, but I am good for detecting a peak of speculative activity. As of the end of last week, we were there.

Level 10 of the Videogame

February 20, 2020

The financial markets are a MMORPG.

Another Way to Think About Interest

February 13, 2020

First, please enjoy the music I played at the InsideETFs opening reception a few weeks ago.  Don’t worry, it’s pretty chilled-out—good music to work to.

The Best Writer You Never Heard Of

February 6, 2020

My favorite writer in the world is Barry Hannah.

A lot of people get this newsletter, but I bet not many of you have heard of him.