MUST READ: HOW COMPLEX SYSTEMS FAIL

Although I haven’t completely detailed my theory on markets for readings here at TPC, I have given you a taste (here & here).  Much of my thinking is based on the fragility and chaotic nature of complex systems.  This paper is an excellent primer:

How_20Complex_20Systems_20Fail –

About Post Author

Cullen Roche

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.

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