Financial Nihilism - Epsilon Theory

Travis Kling is the Founder and Chief Investment Officer of Ikigai Asset Management, a L/S multi-strategy crypto asset hedge fund. Travis was an analyst at Magnetar and a PM at Point 72 before going down the crypto rabbit hole and founding Ikigai in 2018. He writes an excellent monthly note which you can find (and sign up for) here, and is a superb Twitter follow @Travis_Kling. As with all of our guest contributors, Travis’s post may not represent the views of Epsilon Theory or Second Foundation Partners, and should not be construed as advice to purchase or sell any security. So, apparently last month’s main section “A Lack of Pretense That Any of This Shit Does Anything or Will Ever Do Anything”…was quite a doozy. I’ve been writing these for a long time so I think I have a decent sense of when I write something above or below the average of all the monthlies I’ve written previously. And I knew the one last month was a good one when I wrote it. But even I underestimated how much “A Lac

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• Austin Lee