Welcome to Invariant
"People worry about too much money supply, what's happened, the price of oil, who's the president, who's being nominated to the supreme court, it's the ozone layer, there's nothing to do." - Peter Lynch
The current headlines are maddening. The pundits on the finance networks are bickering. Peter Lynch’s words perfectly crystallize what’s currently on everyone’s minds. But there’s a catch…
He said it in 1993.
You have to laugh at how history always finds a way to repeat itself.
Like clockwork, people wrap themselves in their preferred narratives and gyrate to the siren songs of perma-bulls and perma-bears alike. Extrapolation. Flows. Reflexivity. Reversion. Every cycle begins and ends with a new cover of the same old tune.
It’s a marvelous, invariant dance.
There are always things to worry about, just as there are always things to look forward to. The movements may look crazy. And it gets noisy.
But that’s what makes a market.
a function, quantity, or property which remains unchanged when a specified transformation is applied.