wknd
notes

Each Sunday morning for over a decade, One River’s CIO, Eric Peters, has published “wknd notes.” It is an unorthodox take on markets, politics, and policy that’s widely read across our industry and within global policy/political circles. Eric has written for as long as he has traded, and the discipline is part of his investment process. Drawing on wide-ranging, multi-disciplinary research, historical study, and discussions with interesting characters throughout the world, Eric collects those things he finds most thought-provoking each week and distills them into a concise letter. At times the ideas and views are consistent with his own, but just as often, they challenge his positions, and it is this openness to opposing views that helps him maintain a flexible mind in the search for emerging opportunities and risks. His writing is a reflection of how he thinks, and as such it is as focused on identifying the right questions to ask as it is on seeking answers. The publication of this work is Eric’s way of exchanging ideas/information and developing dialogue with a network grown over his thirty-one-year career.

wknd notes: The Hardest Thing There is to Do

December 08, 2024
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wknd notes: Money Is an Invention That Allows Us to Store Time

December 01, 2024
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wknd notes: Combining our Strategies into a Total Portfolio

November 24, 2024
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wknd notes: Never Underestimate America

November 17, 2024
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wknd notes: Every Financial Asset Price is Wrong

November 10, 2024
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wknd notes: There is No Prize for 2nd Place

November 01, 2024
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wknd notes: Waiting for the Election

October 27, 2024
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wknd notes: What Real Progress Looks Like

October 20, 2024
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wknd notes: A Persian Revolution

October 13, 2024
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wknd notes: Peace Through Strength

October 05, 2024
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wknd notes: near-term pain for long-term gain

September 28, 2024
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wknd notes: no summit lives eternal

September 22, 2024
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wknd notes: Innovation, invention, risk taking, entrepreneurialism

September 14, 2024
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wknd notes: the first stage of our post-pandemic inflationary cycle drawing to a volatile close

September 07, 2024
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wknd notes: want to make a grown nerd cry?

August 29, 2024
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wknd notes: the sound of silence

August 22, 2024
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wknd notes: managing extreme uncertainty

August 15, 2024
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wknd notes: humans sell low and buy high

August 08, 2024
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wknd notes: implicitly and explicitly short volatility

August 04, 2024
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wknd notes: so many possible new worlds

July 28, 2024
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wknd notes: combining loosely related things, triangulating, blending ideas, philosophies, techniques

July 21, 2024
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wknd notes: The One Risk You Can't Mitigate Is A Big Market Gap

July 14, 2024
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wknd notes: The Grand Teton

July 07, 2024
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wknd notes: Leaders Are Built Not Born

June 30, 2024
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wknd notes: The Oracle

June 23, 2024
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wknd notes: Finding Inspiration in the Elements

June 16, 2024
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wknd notes: The Role of Fate

June 09, 2024
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wknd notes: Dawg is Nosebleed Long

June 02, 2024
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wknd notes: The Importance of Standing Up

May 25, 2024
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wknd notes: Our Founding Principles

May 19, 2024
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wknd notes: A Risk Window Has Opened

May 05, 2024
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wknd notes: One Less Time, One Last Time

April 28, 2024
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wknd notes: A Little Planet Tearing Itself Apart

April 21, 2024
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wknd notes: The S&P 500 Would Have Gapped 3% Lower On Iran Attacks

April 14, 2024
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wknd notes: America's White-Haired Assassin

April 07, 2024
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wknd notes: The Illusion of Certainty

March 23, 2024
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wknd notes: Asia's Growing Dynamism

March 17, 2024
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wknd notes: The Summit of 25 Short

March 10, 2024
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wknd notes: The Biggest Institutions Have Barely Even Started To Build Their Long Crypto Positions

March 03, 2024
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wknd notes: Master Sergeant

February 25, 2024
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wknd notes: Life is Good

February 18, 2024
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wknd notes: Top Down Investing

February 11, 2024
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wknd notes: We've Been Looking for the Enemy

February 04, 2024
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wknd notes: The Curious Case of Compounding

January 28, 2024
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wknd notes: Stress is an Earned Privilege

January 21, 2024
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wknd notes: Lit Like A Solar Flare

January 14, 2024
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wknd notes: Apex Predators

January 07, 2024
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wknd notes: The Mountain Never Ends

December 31, 2023
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wknd notes: Igniting Imagination

December 24, 2023
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wknd notes: What it Takes to Win

December 16, 2023
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wknd notes: Life in the Desert

December 10, 2023
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wknd notes: Applying Combat Principles to Investing

December 02, 2023
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wknd notes: Finding Strength in Humility

November 26, 2023
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wknd notes: A Bitcoin ETF

November 19, 2023
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wknd notes: We Never Change

November 11, 2023
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wknd notes: Maybe Something Orwellian

November 05, 2023
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wknd notes: Fighting on Two Fronts

October 22, 2023
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wknd notes: Humanity Pays its Risk-Takers

October 22, 2023
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wknd notes: Benefit of the Doubt

October 15, 2023
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wknd notes: Hunting for Opportunities

October 08, 2023
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wknd notes: Twelve Hours Ahead, Running Behind

October 01, 2023
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wknd notes: Lessons in Leadership

September 23, 2023
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wknd notes: Dividing Economic Spoils

September 17, 2023
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wknd notes: Disruption, Destruction, Adaptation, Outperformance

September 03, 2023
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wknd notes: Tectonic Shifts

August 27, 2023
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wknd notes: Throwing The Bones

August 20, 2023
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wknd notes: Quantum Mechanics, Mysterious Phenomena, Markets

August 13, 2023
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wknd notes: Turning Potential Tragedy Into Opportunity

August 06, 2023
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wknd notes: The Illusion of Certainty

July 30, 2023
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wknd notes: Getting Off The Grid

July 23, 2023
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wknd notes: Leaning Against The Crowd

July 16, 2023
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wknd notes: Shifting From Capital to Labor

July 09, 2023
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wknd notes: Information Sufficiency in the Art of Investing

July 02, 2023
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wknd notes: The Longing for Honor and Renown

June 24, 2023
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wknd notes: So why not just rip off the Band-Aid and raise rates today?

June 17, 2023
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wknd notes: The Resolute Desk

June 03, 2023
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wknd notes: Life of a 4th Child

May 28, 2023
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wknd notes: Sports, Work, Life

May 21, 2023
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wknd notes: U.A.E. Trip Notes

May 14, 2023
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wknd notes: Navigating the Decade Ahead

May 07, 2023
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wknd notes: Our Need For Worthy Competitors

April 30, 2023
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wknd notes: Rapid Unscheduled Disassembly

April 23, 2023
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wknd notes: Celebrating Those Rare Dissenters

April 16, 2023
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wknd notes: Life's Greatest Risks Emanate From Within

April 09, 2023
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wknd notes: What Will We Wish We Had Started Building?

April 02, 2023
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wknd notes: John Galt's Engine

March 26, 2023
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wknd notes: The Bigger the 'Big'​ in 'Go Big'​

March 19, 2023
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wknd notes: The Billionaire's Bank

March 13, 2023
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wknd notes: Central Bank Losses

March 06, 2023
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wknd notes: Coinbase acquires One River Digital - announcement

March 03, 2023
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wknd notes: Impossible to Comprehend

February 27, 2023
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wknd notes: Magic, Mysteries, Sublime Wonder

February 20, 2023
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wknd notes: Not So Soft Landings

February 05, 2023
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wknd notes: Ideas in Energy Transition

January 29, 2023
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wknd notes: What Our Google Searches Say About Us

January 22, 2023
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wknd notes: Quotes That Didn't Make It

January 14, 2023
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wknd notes: Squeezing Scarce Resources

January 12, 2023
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wknd notes: Humanity's Remarkable Experiment

January 08, 2023
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wknd notes: The Mountain Never Ends

January 01, 2023
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wknd notes: Like a Solar Flare

December 25, 2022
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wknd notes: Pray Nothing Happens Until January

December 18, 2022
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wknd notes: One Team

December 11, 2022
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wknd notes: Little Details from Traumatic Scenes

December 04, 2022
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wknd notes: Don't Over Think Things

November 27, 2022
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wknd notes: Equilibrium is an Illusion

November 20, 2022
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WKND NOTES: CREATIVE DESTRUCTION. INNOVATION.

November 14, 2022
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WKND NOTES: ASPIRING TO BECOME OUR BEST SELVES.

November 06, 2022
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WKND NOTES: A FRAYED KNOT

October 30, 2022
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wknd notes: Hunting for Opportunities

October 23, 2022
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wknd notes: Game Time!

October 16, 2022
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wknd notes: Taking Reckless Risk

October 09, 2022
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wknd notes: The Long Painful Process Has Just Begun

October 02, 2022
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wknd notes: Never Become Such A Man

September 25, 2022
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wknd notes: The Industrial Age is Ending

September 18, 2022
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wknd notes: Fill-or-Kill

September 11, 2022
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wknd notes: Julian Lucas McRandal

September 04, 2022
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wknd notes: Training to Win

August 28, 2022
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wknd notes: Flags

August 21, 2022
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wknd notes: Nobility In Our Struggles

August 14, 2022
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wknd notes: Defying Physics

August 07, 2022
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We're All FX Traders Now

July 31, 2022
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Innovation & Optimism

July 24, 2022
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Finding Weak Links

July 17, 2022
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Can't Happen

July 10, 2022
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No Longer Just Words On Paper

July 03, 2022
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Enter Marcel Kasumovich

June 26, 2022
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Leveraged-Carry and Buy-and-Hold Investing is Behind US

June 19, 2022
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The Instability of Things

June 12, 2022
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Going to be a Hot Summer

June 05, 2022
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Defending our safe haven

May 29, 2022
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Dressed in Overalls and Looks Like Work

May 22, 2022
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Gravitational Forces in Financial Markets

May 15, 2022
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Create Money, Buy Bonds, Burn Them

May 10, 2022
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Without a Safety Net

May 08, 2022
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There's Time To Rest When You're Dead

April 24, 2022
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The Standard Model Has Broken

April 10, 2022
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Get Me Someone Strong

April 07, 2022
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The Opposite of Mean Reversion

April 03, 2022
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The Case for Quantum Change (redux)

March 27, 2022
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Prussian Generals

March 20, 2022
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What We Are Willing To Pay

March 14, 2022
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We Demand Of Our Leaders

March 07, 2022
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The Great Transition

February 27, 2022
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Until One Day The Bottom Falls Out

February 19, 2022
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The Beauty of Lyrics

February 15, 2022
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Examining All Possibilities

February 06, 2022
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Our Highest Calling

January 30, 2022
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Oxygen, Heat, Fuel

January 23, 2022
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Bode Miller Style

January 16, 2022
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Unmooring the Center

January 09, 2022
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Reinventing Ourselves

January 09, 2022
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The Mountain Never Ends

January 02, 2022
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The Ten Superpowers

December 26, 2021
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Project Hamilton

December 19, 2021
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Exploring Preconditions

December 12, 2021
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Time To Retire Transitory

December 05, 2021
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Don’t Overthink This, Just Jump

November 28, 2021
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In Pursuit of an Interesting Life

November 21, 2021
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Conjuring the Creative Spirit

November 14, 2021
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A Capitalist Economy is a Ponzi Scheme

November 07, 2021
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Great Investments Close Gaps

October 31, 2021
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Time To Taper

October 24, 2021
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Young and Broke

October 17, 2021
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Hunting The Weak

October 10, 2021
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The World Belongs To Those Who Let Go

October 03, 2021
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An Interesting Life

September 26, 2021
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Dependent Perspectives

September 19, 2021
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The Case for Quantum Change

September 12, 2021
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Building Trust

September 05, 2021
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The Case For Digital Assets

August 29, 2021
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The Greatest Opportunities

August 15, 2021
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Biding Your Time

August 08, 2021
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Re-Imagining the Power of Fiat

August 01, 2021
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Learning to Take a Profit

July 25, 2021
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Goodhart's Law

July 18, 2021
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A Thing For Numbers

July 11, 2021
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Telling Opportune Times From All The Others

July 04, 2021
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Unidentified Aerial Phenomena

June 27, 2021
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Producing Lines For A Living

June 13, 2021
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Racing Towards a New Form of Human Reality

June 06, 2021
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Memorial Day

May 30, 2021
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The Ferocious Beauty of Truly Free Markets

May 23, 2021
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Forward Guidance

June 20, 2020
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wknd notes: Conceptually it’s Easy. Practically it’s hard.

January 01, 1970
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