Top Traders Unplugged cover image

SI227: Trend Following in an Uncertain World ft. Richard Brennan

Top Traders Unplugged

CHAPTER

Uncertainty Is an Entropic Condition

A city is a complex adaptive system. We get non-linear relationships occurring where let's take a city, for example. A dependency starts existing between all of those houses and the grocery store. So there is this magnificent reshaping of that system continuously over time. But at the same time, it's becoming more fragile because of its dependencies building up in that system. Turn that electricity off and that city stops operating as a city. The transport system, everything breaks down. In any complex adaptive system, there is an entropic direction. Just like the direction of our universe is always looking into the future, moving into the future. There is this entropic ratchet that is moving

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode