The Fractal Market Hypothesis and Gambling - MUSI Shifts to Fragile
If the line blurs between investing and gambling, bad things can happen.
Topic
crypto
A collection of 11 issues
Blog: Tipping Point or False Alarm?
Are the markets weary, or is this just another false alarm?
Blog: AI Bubble - Are we there yet?
Bubble conditions are here. But risk sentiment is positive.
Blog: Are Stablecoins and DeFi taking us "Back to the Future?"
The decentralized US banking system in 19th century illustrates risks.
Blog: Skill vs. Luck in Markets
Don't confuse genius with a bull market.
Blog: Bitcoin Creates a New Type of Moral Hazard
A national "reserve" of an unregulated asset seems unlikely.
Blog: Disruption, Speculation and Money
Is crypto like a banana taped to the wall?
Blog: Bitcoin Post Election Analysis
It's still not investing.
Blog: Bitcoin - Value vs. Utility, or, "Is Bitcoin Useful?"
Bitcoin. What is it good for?
Blog: Are Crypto Currencies Beanie Babies?
While I was a parent in the 90s, many of the people who work in markets these days were kids. Most of you will remember Beanie Babies, the little toys that became the modern equivalent of tulip bulbs in the early 1600s. In both cases they were items of limited