About
Two publications.The reasoning, not the conclusion.
An argument made, and everything you need to disagree with it.
Beyond Institutional Thinking investigates the bull and bear disagreement over a named security, with the critical events defined. The field guides take apart the market underneath. One is an argument about a company or a bond; the other is how that market actually works.
The research
An institution has a mandate, a benchmark and a committee. You have none of those, and Beyond Institutional Thinking is written on that assumption — named securities, the full reasoning rather than the conclusion, every figure dated and sourced, and the observable event that would settle the argument either way.
Where there is a view it is stated and reasoned so that you may disagree. Issue One is free, in full.
The guides
Field guides to the parts of the market everyone assumes you already understand.
Each one takes a single market. How it is put together. What it has done before. Which few relationships drive most of the movement.
Written for people who use markets, not people who work in them. Prose, light data, simple charts. One thing at a time.
How they fit together
The research leads. It names a security and works through the argument about it. The guide follows, and picks up the thing the research assumed you already knew. Issue One opens on the long bond, so the first guide is bonds and credit.
One argues about a single security. The other explains the market it belongs to. Each makes the other easier to judge.
Commitments
What this is not
It is not a prediction service and it does not tell you what to buy. Markets are not predictable and I have no advantage in guessing. What can be done properly is showing the mechanism — how a thing works, what it is currently assuming, and what would have to change for that assumption to break.
I am not authorised or regulated by the Financial Conduct Authority. Nothing published here is investment advice or a personal recommendation, and none of it is written with any knowledge of your circumstances. It is one person’s reasoning, shown in full so that you can take it apart.
Who writes it
James Male. Nearly thirty years building and delivering investment education for hedge funds, senior banking practitioners and high net worth individuals.
None of it from theory. I watched well-informed people make the same errors across several cycles. I made them myself, knowing the mechanism.
That work was done inside institutions, watching how they are obliged to think. Both publications are written for someone who is not.
Money Mind Monkey Mind is a trading name of James Male, Ely, Cambridgeshire. · james@moneymindmonkeymind.com