h/t to
@EpsilonTheory
@WRGuinn
@jposhaughnessy
George Soros
This thread is a pastiche of ideas from all these folks.
![](https://pbs.twimg.com/media/D4T8twtW0AUY6xm.jpg)
Here information = “a signal that changes your mind”
Why would this happen?
Because market participants’ views have become effectively homogenous.
And how does that happen?
Reflexivity + Memetics
Eventually the meme’s host population becomes exhausted—tapped out financially. The process reverses. This time the informational barrier to the DOWNSIDE disappears completely.
/fin