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    1. This Tweet is unavailable.
    2. Seth Levine‏ @SethLevine2 16 Jun 2020
      Replying to @BenKizemchuk @profplum99

      Doesn’t extinction refute mean reversion? Has to work both ways

      0 replies 0 retweets 0 likes
    3. This Tweet is unavailable.
    4. Michael‏ @profplum99 16 Jun 2020
      Replying to @BenKizemchuk @SethLevine2

      Mean reversion is the exception, Ben, not the norm. This is the point of non-ergodicity. Very, very few open ended games are mean reverting for the individual. And there are no "viewers", there are only participants.

      0 replies 1 retweet 12 likes
    5. This Tweet is unavailable.
    6. Seth Levine‏ @SethLevine2 16 Jun 2020
      Replying to @BenKizemchuk @profplum99

      Me: Hey Siri, are fractals ergodic? Siri: I ordered you a case of mescal to be delivered to Home, should I place the order? Me: Sigh, yes, fine, place the order ... wait, but are they?!

      1 reply 1 retweet 11 likes
    7. Seth Hersch‏ @SethHersch 16 Jun 2020
      Replying to @SethLevine2 @BenKizemchuk @profplum99

      I tend toward Mike’s position here, but I’m interested. Ben, could you describe more about your stance on market ergodicity?

      1 reply 0 retweets 1 like
    8. Michael‏ @profplum99 16 Jun 2020
      Replying to @SethHersch @SethLevine2 @BenKizemchuk

      Agree. I'd very much like to understand this view. "Seeing fractals" does not imply ergodicity, btw. Many systems that are non-ergodic exhibit local fractals. Mandelbrot spent almost 5 years on the subject http://eprints.lse.ac.uk/84858/7/Watkins_Continuing%20relevance_2018.pdf …

      2 replies 1 retweet 13 likes
    9. This Tweet is unavailable.
    10. Michael‏ @profplum99 16 Jun 2020
      Replying to @BenKizemchuk @SethHersch @SethLevine2

      Hopefully your love for your children won’t mean revert. You have a bad take on this, Ben

      2 replies 0 retweets 4 likes
      Hide Not Slide‏ @HideNotSlide 16 Jun 2020
      Replying to @profplum99 @BenKizemchuk and

      Are you implying “this time is different”? ie mean reversion wont happen and the Fed has unlocked the key to never making markets reflect “old” valuations?

      7:12 PM - 16 Jun 2020
      0 replies 0 retweets 0 likes

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