Investing is incredibly hard. Mapping observations to security price movements is complex to say the least. Often, the relationships governing these moves are unknown. Yet, this is the investor’s task. I’ve used this blog as a tool for exploring some of these connections. It’s been incredibly rewarding. Not only has writing brought many of my wrong ideas to light, but it refined my process for constructing an investment portfolio. I now have an improved method for mapping themes to actual concrete positions which I’ll illustrate here.
I’ve explored a wide spectrum of investment ideas over the years. I’ll admit, the applications aren’t always apparent. Take postmodernism’s influence in the markets for example, what’s the trade there? How does discussing that central banks don’t create money or that inflation is misplaced in a fiat currency regime improve my returns? Oddly enough, they have. Working through these kinds of topics helped me build an investment framework and a process for incorporating them into my portfolio.
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