The Pendulum Between Individualism and Institutions
Societies swing between eras that favour the individual and eras that rebuild collective institutions. Understanding where the pendulum sits tells you what kind of policies, market
Every Generation Thinks It Is Different. None of Them Are.
The feeling that the current era is unprecedented is itself a recurring phenomenon. History shows that societies move through predictable seasons of confidence, rebellion, decay, a
One Framework: How Liquidity, Convexity, Cycles, and Flows Fit Together
These lenses are not competing theories. They are layers of the same picture. Put them together and you get a coherent way to see markets in the current regime.
Why This Feels Like a Turning Point, Because It Is
History does not repeat, but it rhymes on a roughly eighty-year cycle. Neil Howe’s generational framework explains why the current era of institutional stress was, in a sense, on