This is Not a Stock Chart
What René Magritte’s famous painting can teach us about stock markets - and ourselves.
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The Market That Refuses Logic
Markets keep climbing despite bad news and deep scepticism—a reminder that disciplined, rules-based investing often beats trying to explain every move. Read more →
Momentum Myth Busting: Transaction Costs
Critics often cite transaction costs as the Achilles’ heel of momentum strategies. We disagree — and demonstrate, with precision, why that argument no longer holds in today’s execution environment.
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The Research That Changed Everything: The Absolute Proof
Momentum is not a theory — it is one of the most consistently validated factors in finance. This piece revisits the foundational research and the statistical evidence behind our conviction.
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The Stock Market Might Be Rigged — In Your Favour
Equity markets are structurally biased to rise over time — not by accident, but by design. For long-biased hedge funds, this isn’t just a tailwind; it’s a core advantage that can be compounded through intelligent strategy. Read more →
Crypto: The Cult of Digital Nothingness
In an era of speculative fervour, we remain anchored to empirical evidence and economic reality. Here’s why we avoid digital assets — and why doing so is not risk aversion, but risk intelligence.
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Artificial Intelligence and Hedge Funds – A False Promise?
AI has become the industry’s latest buzzword — but how much of it is substance, and how much is branding? We examine the structural limitations of AI in investing, and where real intelligence still matters most. Read more →
Pursuit of Perfection: Why Quant Investing Is Like Formula One
In both racing and investing, competitive advantage lies in the accumulation of marginal gains. We explore how a disciplined, iterative approach to quantitative research compounds into real performance. Read more →