-Public Enemy – Fight the Power
‘I don’t see how he can ever finish, if he doesn’t begin’.
-Alice
'Let’s turn on the juice and see what shakes loose’.
-Betelguese
Anonymous
Monetarist
Anonymous
Monetarist
Anonymous
Monetarist
>
>
> Hello
Cyberspace.
Let me dust off
the hoot and holler ...
Hello, I am a
raconteur. I have been a raconteur for a time, am once more for a bit, and
perhaps then for the last time.
For now, just a
fast one...
The kid was
slick, will give him that.
I let him grab
a chair for thirty minutes because his cold call pitch was tik-tok clinic.
‘Listen – it’s
churn, run rate, factor cost and boom you scale’, he said, with his gold cuffs
exposed and his teeth extended.
It was 99, we
were coming up on Y2K, and all my folks in telecom were going to end up owning
islands.
The young,
suited, shark explained that my company could be valued on monthly run rate
less churn times the factor from his billing/finance alliance that was
‘deploying funds’ to scale to the moon.
With a personal
guarantee, my skin in the game, they would factor my receivables, and group me
with other growing subnetworks around the nation to scale and then bail.
That moment,
another in midtown Manhattan with my bond securitization team backstabbing my
sponsor so I could replace him, and a few others that I will keep to my inner
monologue… represent my personal fractal. Hint … I said hell no.
Fractals are
kind of cool. They are self-similar on all scales. They suggest a rules based,
deterministic system.
As an
illustration …
Do you know a
successful trader? If u do then they will tell you that they know a pattern.
That is, they recognize a fractal. Fun part is that, by far, the majority of
them do not recognize that it is a fractal.
Will give you the
TLDR in a second; however if you would like to deep dive, search Mandelbrot on
my blog or the intertubes. He was an extraordinarily interesting fella.
A fractal is
self-similar on all scales. Mandelbrot coined the term.
Our erstwhile
trader, although they preach some garbled version of random walk theory, albeit
they recognize that the markets consist of millions of individual decisions,
many by silicon proxy, has some pattern or some hook that they keep very close
to their vest. That pattern or hook is a fractal and you may confirm that by
hearing the trader describe how they are trading the same ‘thing’ on different
charts (i.e., hourly, daily). Self-similar on all scales the fractal is.
The more
advanced student will trade on charts where the time period itself is an
important fractal.
The way the
trader trades is entirely inconsistent with what they philosophically believe
trading to be. It flies in the face of who they perceive themselves to be. But
rules are rules!
Mandelbrot was
asked by his credentialed colleagues why, given his robust intellect, he toiled
in such a pedestrian field as trying to model exactly why/how markets behave.
To paraphrase his response, ‘the markets are the dataset of humanity’.
If Mandelbrot
were alive today perhaps he would search for fractal relationships in the
metadata of the socials or in the promise of blockchain supercomputers.
Most certainly,
and I can attest that I know this to be true, he believed in the following
fractal, ‘The
thing that hath been, it is that which shall be; and that which is
done is that which shall be done: and there is no new thing under the sun’.
It was in fact an ‘executable of this source code’ that allowed me to play tour guide for the creator of a fractal trading theory and show him that his discovery could be used to avoid lines at the game day turnstiles of Wrigley Field.
Open your eyes Neo.
Composability
with the Internet Computer is all sorts of fractalicious. My view of the IC is that it is a fractal
layer cake. My intuition is that implementing a fractal lens will gestate
significant network effects.
Are you
listening Benjamin?
Fractal composability.
Let’s go.
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