Welcome To the Machine: Part I
From human bias to machine behaviour, and what happens when the systems we build begin to behave in ways we…
Inquiries is a home for longer-form explorations of ideas that don’t fit neatly into headlines or timeless theory.
These pieces step back from daily market noise to examine moments when familiar explanations stop working and when price behaviour, narratives, or investor responses appear misaligned with underlying structures. Rather than offering predictions or conclusions, each inquiry unfolds over time, allowing complexity, uncertainty, and competing perspectives to sit alongside one another.
This category is not about breaking news or settled answers. It is about asking better questions, and resisting the temptation to simplify too quickly when systems, incentives, and human behaviour collide.
From human bias to machine behaviour, and what happens when the systems we build begin to behave in ways we…
Most assets live inside systems that can be managed, modelled, or explained. Gold sits outside, responding instead to the shifting…
Part commodity, part currency, part cultural artifact, gold has always lived at the intersection of systems. Gold’s difficulty is not…
The problem with calling gold a pet rock is that this particular rock has a habit of getting up and…
What Happens When We Dismiss What We Don’t Fully Understand? Back in the 1990s, I attended a small private function…
At what point do the tools we rely on to interpret markets begin to shape our behaviour instead? Indicators are…
What does a market reveal about itself when it is asked to honour its promises rather than roll them forward?…
What changes when price is discovered through claims rather than through the thing being claimed? The distinction between financialised supply…
What if the signals telling us a market is overextended are anchored to a past that no longer applies? There…