H.P. Lovecraft and the global financial system have finally converged.
From the Artemis Capital Management letter to investors (seriously): “Volatility is about fear… but extreme tail risk is about horror. The Black Swan, as a negative philosophical construct, is when fear ends and horror begins. … Fear is something that comes from within our scope of thought. True horror is not human fear in a definable world, but fear that comes from outside what is definable. Horror is about the limitations of our thinking. … Cthulhu is a black swan.”
Abundant Gothic cybernetics complete the nightmare. (“Shadow short convexity describes an immeasurable fragility to change introduced when participants are encouraged to behave in a way that contributes to feedback loops in a complex system.”)
Halloween arrives early this year.