Method4 min read
The dog and the leash
Why this site exists, and the one metaphor it keeps coming back to: price runs, value walks, and the distance between them is the only thing worth measuring.
Tag
#first-principles
2 posts tagged first-principles.
Method4 min read
What mean reversion actually means
"It fell a lot, so it should bounce" is not mean reversion — it is hope with a chart attached. The real claim is about stationarity, and it is testable.