Between corporate & sovereign credit bubbles, cryptocurrencies, and overextended P/E ratios, we’re in strange times.

I’m going to use this letter to catalogue my observations on markets: how I’m thinking about them and how I’m trading them.

I’m basically dumb money and have no advantage beyond a relatively novel way of synthesizing freshman-level econ, podcasts, political rhetoric, Twitter feeds, and my own skeptical worldview. I have no credentialing other than a pretty killer career PNL (yes, even ex-Bitcoin).

Nothing in here is advice and you will probably lose money following me.

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