The Complex Markets Hypothesis

photo by skeeze, via Pixabay
my desk at work. It’s good to keep these things in mind.
This chart probably deserves some explanation, but is very satisfying once grasped: as opposed to just the S&P500, above, both the German equity market (DAX) and Bitcoin show pretty much identical behaviours to the S&P500, which Peters and Adamou term “satisfying leverage efficiency”. That the Madoff curve is so different, and seems to have no clear maximum, indicates it is likely too good to be true. This is a nice result given that we know Madoff’s returns to be fraudulent!

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I’m an investor. I think about things. I write some of it down.

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allen farrington

allen farrington

I’m an investor. I think about things. I write some of it down.