Ben Hunt (@epsilontheory) earned a PhD in Government from Harvard in 1991. He was a research academic for a decade before founding two technology companies. He then worked in investment management for a decade, before starting a content community at www.epsilontheory.com in 2013. Epsilon Theory quickly found a large audience of over 100,000 email subscribers. For the past several years, Epsilon Theory has been a vibrant, paywalled content community. We discuss three primary topics in this podcast. In the first 50 minutes, we discuss Ben's recent long piece on Fed policy, "NGMI". Ben makes it clear that his stance on risk assets has mostly changed from one of bullishness to one of bearishness, based on his view that there has been a sustained change in the Fed narrative. We then move on to discuss Ben's long piece on cryptocurrency, "The MacGuffin, Part 1". We end with fifteen minutes on the current state of the paid content space (Ben surprised me by being bearish on Substack and the micropayments model).
'We need narrative theory,' says Ben Hunt, to understand the alien beings called Narratives that inhabit our Metaverse. Hunt joins Vasant Dhar in episode 40 of Brave New World to describe how Big Tech is changing the way we think -- and how we need to fight it. Useful resources: 1. Ben Hunt on Twitter, LinkedIn and Epsilon Theory, 2. Epsilon Theory, 3. Narrative and Metaverse, Pt. 1: The Living Word -- Ben Hunt. 4. Narrative and Metaverse, Pt. 2: Gain of Function -- Ben Hunt. 5. Narrative and Metaverse, Pt. 3: The Luther Protocol -- Ben Hunt. 6. Chris Bail on How to Fight Polarization -- Episode 34 of Brave New World. 7. Amusing Ourselves to Death -- Neil Postman. 8. The Selfish Gene -- Richard Dawkins. 9. Lapham's Quarterly. 10. We Refugees -- Hannah Arendt. 11. The Power of Myth -- Joseph Campbell. Check out Vasant Dhar’s newsletter on Substack. Subscription is free!
Ben Hunt — Preserving the Physical Metaverse (EP.106)
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Infinite Loops Podcast Notes Key Takeaways Check out Infinite Loops Podcast Episode Page & Show NotesRead the full notes @ podcastnotes.orgBen Hunt is the creator and primary author of Epsilon Theory, and co-founder and CIO at Second Foundation Partners. Epsilon Theory is a newsletter that examines markets through the lenses of game theory and history. Over 100,000 professional investors and allocators across 180 countries read Epsilon Theory for its fresh perspective and novel insights into market dynamics. You can follow Ben on Twitter at https://twitter.com/EpsilonTheory and read Epsilon Theory here: https://www.epsilontheory.com/ Show Notes: Neurolinguistic hard reset Ben’s days at Harvard Why Klaus Schwab is a raccoon Human beings are social animals How language impacts and limits us The cost of the Metaverse How the nudging state is rewiring us Does narrative follow price, or is it the inverse? Traders respond to stories everyday How technology can fight the nudging state. NOAH: An ark of stories on the blockchain Books Mentioned: The WEIRDest People in the World; by Joseph Henrich How the Irish Saved Civilization; by Thomas Cahill
Ben Hunt — Preserving the Physical Metaverse (EP.106)
Ben Hunt is the creator and primary author of Epsilon Theory, and co-founder and CIO at Second Foundation Partners. Epsilon Theory is a newsletter that examines markets through the lenses of game theory and history. Over 100,000 professional investors and allocators across 180 countries read Epsilon Theory for its fresh perspective and novel insights into market dynamics. You can follow Ben on Twitter at https://twitter.com/EpsilonTheory and read Epsilon Theory here: https://www.epsilontheory.com/ Show Notes: Neurolinguistic hard reset Ben’s days at Harvard Why Klaus Schwab is a raccoon Human beings are social animals How language impacts and limits us The cost of the Metaverse How the nudging state is rewiring us Does narrative follow price, or is it the inverse? Traders respond to stories everyday How technology can fight the nudging state. NOAH: An ark of stories on the blockchain Books Mentioned: The WEIRDest People in the World; by Joseph Henrich How the Irish Saved Civilization; by Thomas Cahill
On this episode of Doomer Optimism, repeat host Anarcho-Contrarian (@AnarContrarian) is joined by Julie Fredrickson (@AlmostMedia) and Ben Hunt (@EpsilonTheory). The cover a wide range of economic and political topics, deflation versus inflation, and how the heck someone can navigate the coming insanity. About Ben Hunt Ben Hunt is the creator of Epsilon Theory and inspiration behind Second Foundation Partners, which he co-founded with Rusty Guinn in June 2018. Epsilon Theory, Second Foundation’s principal publishing brand, is a newsletter and website that examines markets through the lenses of game theory and history. Over 100,000 professional investors and allocators across 180 countries read Epsilon Theory for its fresh perspective and novel insights into market dynamics. As Chief Investment Officer, Ben bears primary responsibility for determining the Company’s investment views and positioning of model portfolios. He is also the primary author of materials distributed through Epsilon Theory. Ben taught political science for 10 years: at New York University from 1991 until 1997 and (with tenure) at Southern Methodist University from 1997 until 2000. He also wrote two academic books: Getting to War (Univ. of Michigan Press, 1997) and Policy and Party Competition (Routledge, 1992), which he co-authored with Michael Laver. Ben is the founder of two technology companies and the co-founder of SmartEquip, Inc., a software company for the construction equipment industry that provides intelligent schematics and parts diagrams to facilitate e-commerce in spare parts. He began his investment career in 2003, first in venture capital and subsequently on two long/short equity hedge funds. He worked at Iridian Asset Management from 2006 until 2011 and TIG Advisors from 2012 until 2013. He joined Rusty at Salient in 2013, where he combined his background as a portfolio manager, risk manager, and entrepreneur with academic experience in game theory and econometrics to work with Salient’s own portfolio managers and its financial advisor clients to improve client outcomes. Ben is a graduate of Vanderbilt University (1986) and earned his Ph.D. in Government from Harvard University in 1991. He lives in the wilds of Redding, CT on Little River Farm, where he personifies the dilettante farmer that has been a stock comedic character since Cicero's day. Luckily his wife, Jennifer, and four daughters, Harper, Hannah, Haven and Halle, are always there to save the day. Ben's hobbies include comic books, Alabama football, beekeeping, and humoring Rusty in trivia "competitions". About Anarcho-Contrarian They're anonymous so honestly not that much to share here. But here's their Twitter bio: Scale-Reductionism, Localism, Agrarianism, New Village-ism, Distributism... i.e. Redundant, Nostalgic & Politically Homeless. About Julie Fredrickson Julie is a serial entrepreneur and investor.
Ben Hunt: COVID 19 - Science, Politics, Liberty and the Long Grind
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This episode features Ben Hunt, founder of Second Foundation Partners, which hosts the Epsilon Theory content portal. I reached out to Ben because I’d been starting to feel myself shifting gears on my feelings and perceptions around the ongoing COVID pandemic, and I knew Ben would be able to help put things in proper perspective. For most of the past 18 months or so I have been firmly in support of most of the measures taken by governments to manage the health impacts of the virus. We adhered strictly to lockdown guidelines, supported border closures, followed protocols, and received vaccines and boosters as soon as they were available. But over the past few weeks I’d felt myself becoming frustrated with the lack of progress on the policy front. After all, residents of developed countries have had access to highly effective vaccines for almost 9 months. Every resident has had ample opportunity to get fully vaccinated at no financial cost, and residents of many countries have had plenty of time to get free booster shots. Yet still, here we are. Everyone I talk to seems to be much more terrified of testing positive than of actually getting the virus. Everyone wants to travel, or go back to university, or see family – live a fulfilling life with the people we care about! – but they’re petrified about facing trip cancelations, quarantines, and/or huge expenses from a positive COVID test. Isn’t the world upside down when most people are more afraid of running afoul the regulations in place to prevent a danger, than they are of the danger itself! These are the themes I felt I needed to cover with Ben, and we did cover most of them in our 90 minute conversation. Ben was extremely patient and generous with his time, wisdom and insights. However, I admit to still feeling like several critical points went unresolved. This gap was definitely my fault, and not Ben’s. It just took me a few days of further ruminating to see the holes I wanted to fill. I think this is an important and timely conversation with someone who understand the topic from top to bottom, and who sees the issues with clear eyes, and a full heart. I hope you get as much value out of it as I did.
With the Formula 1® title to be decided by a two-race showdown between Lewis Hamilton and Max Verstappen, we're joined by Ben Hunt, F1® journalist from The Sun newspaper in the UK, to look at how Hamilton has dragged himself back into contention, Mercedes' late-season surge, and the escalating tension between rival team principals Toto Wolff and Christian Horner.
Signing a scholarship with the Brisbane Broncos at the age of 14. A humble country boy raised in the red dusty soil of Dingo, QLD shares his journey.From a small town to the big smoke, the mate-ships and mentors. Ben Hunt is now nationally known as a professional football player.Hearing Ben's story shines light on the strength and resilience it took to overcome one of the biggest challenges he's faced both professionally and personally, recognising the outcome of dusting off the shame and guilt and coming back stronger!Why Ben Hunt on From the Saddle? We love Ben's story. It's about recognising that rural kids can grow to achieve anything they desire. That you don't have to grow up in the bright lights to make it to the big league.Join host Caitlyn Hewitt & Ben Hunt for this humble chat.Produced By: Caitlyn Hewitt & Joseph MaloneyHost: Caitlyn HewittSponsor: Ray White Rural Dalby, Darling Downs Australian Stock Horse Society
Hedgeye Investing Summit VII: Ben Hunt, CIO, Epsilon Theory
This is an exclusive "Hedgeye Investing Summit" interview between Ben Hunt, Founder of Second Foundation Partners & lead author of the Epsilon Theory blog, and Hedgeye CEO Keith McCullough.***This content aired as a video webcast live on Monday, October 4, 2021***Want access to our 8 other webcast in this series? Click HERE to get free access:Register for our new Simulated Trading Tournament HedgEye On The Prize for the chance to win cash prizes and Hedgeye product subscriptions!