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Dead Hand Capital

Outperforming the living, one portfolio at a time.

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PricingOnly free issuesPublishesWeekly
Issues40Foundeda year agoLast Issue6 days ago
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Latest Issues

The Taste Of Failure

“Like all of life’s rich emotional experiences, the full flavor of losing money cannot be conveyed by literature” — Fred Schwed

There is a particular conceit common among educated men, which is that they can read their way into wisdom. The...

6 days ago
6

The Streetlight Effect

There is a peculiar form of intellectual cowardice that is often encountered in markets. It is the habit of looking not where the answer lies, but where the data is most easily gathered. The investor who spends his days arranging metrics he...

13 days ago
14
2

The Catastrophes That Didn't Happen

“I’ve suffered a great many catastrophes in my life. Most of them never happened.” - Mark Twain

It is one of the cruel jokes of the human condition that we are equipped to feel the weight of disasters that never reach us. The mind, which e...

20 days ago
18

The Cobra Effect

There is a particular brand of hubris that belongs to the drafter of incentives, and the regulator of markets. It is the belief that the world is a series of predictable, linear levers; that if one pulls ‘A’, ‘B’ must inevitably follow. Thi...

a month ago
20
1

The Man With No Name

“The market doesn’t know your name” - Jimmy Investor

The market is not impressed by your intelligence, your credentials, your eloquence, your years in the industry, your social media following, or the elegance of your original investment m...

a month ago
27
3

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  • Dead Hand Capital

    An investment newsletter devoted to the forgotten virtues of patience, silence, and rationality in a world addicted to motion. 20 years on Wall Street.

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