Archive for October 17th, 2015

Economic Horror

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.

October 17, 2015admin 12 Comments »
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