Chief Investment Strategist
Contributor's Links: Salient Epsilon Theory

Ben Hunt is the chief investment strategist at Salient and the author of Epsilon Theory, a newsletter and website that examines markets through the lenses of game theory and history. Over 100,000 professional investors and allocators across 180 countries read Epsilon Theory for its fresh ... more

ALL CONTRIBUTIONS

Pricing Power
There are three forms of pricing power that often go unnoticed, but are very powerful as the great economic pendulum swings from deflation, falling rates and a wealth creation zeitgeist to inflation, rising rates and a wealth distribution zeitgeist.
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In The Trenches: As Good As It Gets
The stability caused by a decade of central bank financial suppression has led to the unintended consequence of creating a more fragile global financial system… one more vulnerable to shocks.
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The Madame Bovary Effect
How would I describe the price action in Bitcoin over the past five or six months? Boring. Utterly boring. To be clear, I have no idea why the price of Bitcoin has flatlined in the mid-6k range.
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Getting Out: A Godfather Story
How did Vito Corleone get out, while Michael failed? Michael never trusted anyone in the way that Vito did. Michael was obsessed with finding the answer, an impossibility in the game of organized crime. Or the game of markets.
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Funding Secured
Can you imagine if Tesla were moving forward with the Saudi sovereign wealth fund in a take-private transaction? Can you imagine the uproar over doing this sort of major deal with the Saudis after the Khashoggi murder? Well, no need to imagine.
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The Power Of ‘AND’, And The Walmartization Of Advice
Yes, Walmart has improved the tangible quality of life for hundreds of millions and I’m not sure any of that made us happier and I’m not completely sure how to balance those things, which is why I’d prefer to let the market do so.
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STOCKS I FOLLOW

ADRU BLDRS Europe 100 ADR Index Fund
CYB WisdomTree Dreyfus Chinese Yuan Fund
DBEU Deutsche X-trackers MSCI Europe Hdgd Eq
DBEZ Deutsche X-trackers MSCI EMU Hedged Eq
DBUK Deutsche X-trackers UK Hedged Equity ETF
DEZU iShares Adaptive Ccy Hdgd MSCI Euroz ETF
DIA SPDR Dow Jones Industrial Average
DXPS WisdomTree UK Hedged ETF
EEA The European Equity Fund Inc.
EPV UltraShort MSCI Europe ProShares
EURL Direxion Daily FTSE Europe Bull 3x Shares ETF
EWU iShares MSCI United Kingdom Index Fund
EZU iShares MSCI EMU Index Fund
FEP First Trust Europe AlphaDEX ETF
FEU SPDR DJ Stoxx 50
FEUZ First Trust Eurozone AlphaDex ETF
FEZ SPDR DJ Euro Stoxx 50
FIEE UBS AG FI Enhanced Europe 50 ETN
FKU FstTr ET AlDx2 Shs First Trust United Kingdom AlphaDEX Fund
FXB CurrencyShares British Pound Sterling Trust
GBBEF iPath GBP/USD Exchange Rate ETN
HEDJ WisdomTree Europe Hedged Equity ETF
HEWU iShares Currency Hedged UK ETF
HEZU iShares Currency Hedged MSCI EMU ETF
HFEZ SPDR EURO STOXX 50 Currency Hedged ETF
HFXE IQ 50 Percent Hedged FTSE Europe ETF
HGEU ProShares Hedged FTSE Europe
IEV iShares Europe
IWM iShares Russell 2000 Index Fund
QQQ PowerShares QQQ Trust Series 1
RFEU First Trust RiverFront Dynamic Eurp ETF
RINF ProShares Inflation Expectations ETF
SPY SPDR S&P 500
UDN PowerShares DB US Dollar Index Bearish Fund
UPV ProShares Trust
USDU WisdomTree Bloomberg USD Bullish ETF Fund
UUP PowerShares DB US Dollar Index Bullish Fund
VGK VANGUARD EUROPEAN ETF
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TWEETS

PERSONAL BLOG

Latest Posts
A Game Of Them
Epsilon Theory readers are well aware of the prevalence and temptation of what we call the Game of You: mirroring and rage engagements.

Work Experience

Chief Investment Strategist
Salient
October 2016 - Present (2 years 5 months)
Chief Risk Officer
Salient
November 2013 - Present (5 years 4 months)
Author
Epsilon Theory
2013 - Present (6 years 3 months)
Portfolio Manager
TIG Procella Fund
March 2012 - May 2013 (1 year 3 months)
Co-Portfolio Manager
Iridian Asset Management
January 2006 - December 2011 (6 years)

Education

Harvard University
Ph.D., Political Science and Government
1986 / 1991
Vanderbilt University
B.A. Political Science and Government/Computer Science
1982 / 1986

Publications