Code is code

Life: energy first, or information first? Entropy / Energy. Erasing information. Laplace’s demon.

We’re always travelling – we’re always in flux

Nothing can be described, there are no solid truths, since that entails a mind in flux capturing a universe in flux

There’s very limited overlap (if any at all) between symbolic language and what it tries to represent

McKenna: Enlightened ideas can never be communicated

The TAO that can be articulated is not the real TAO

Cratylism: reality can never be captured in language

Creation, life, consciousness, technology, AI, nature of reality, quantum mechanics, TAO, relationsships, economy/society, value creation, trade, money => I want maximum perspective

The best thing that’s ever happened to me

-Vi Reser Alltid

When I was 8 years old my family moved to a fancy part of a mid-sized Swedish city, Västerås, not very far from the capital, Stockholm. There I became bullied for my northern accent, cheap clothes and mental state (my big brother drowned before my eyes the same summer we moved, my parents got divorced [toxically], and I had a slight autism spectrum issue).

It took some time, but being bullied was the best thing that ever happened to me. It didn’t kill me, it made me stronger. With time I became impervious to just about everything, extremely resilient and calm, which helped forge a successful career in finance.

As the 40 ensuing years passed by, I often reflected over my luck in life. Everything seemed to go my way. Sure, I had a few minor setbacks, but I always quickly bounced back up a lot higher than before. Every single year was better than the year before – and they were pretty good from the start.

For example, when I was 18, I dated an incredibly pretty girl, and I received something akin to a small Nobel Prize in mathematics and physics for being the best performing student in middle Sweden over three years, and I was admitted to Sweden’s most prestigious University. From there, everything improved each year in an accelerated fashion: materially, relationship-wise, my subjective experience and so on.

I have very good reasons to assume my particular life configuration, including physical health, brain chemistry, cultural and socio-economic starting point etc., makes me perceive every year as better than the preceding years.

So, whenever I encounter a setback of any kind, I kind of expect a reward in due time. Everything that happens to me is simply regarded as a harbinger of bliss. Which brings us up to date.

Retiring in 2014 definitely was a genius move, the best thing that ever happened to me up till then. Now that retirement is drawing to a close. As fed up as I was with finance in 2014, just as excited I am today about both sharing my knowledge (through the Swedish course in fundamental equity valuation: Finanskursen) and practicing it again as a professional hedge fund manager. You’ll get the details about my getting back to work during the first quarter of 2020.

Per Ardua Ad Astra

However, that wasn’t what I set out to share today, but the following. By midsummer of 2019 by life kept setting new all time highs at a frantic pace. I almost expected to be diagnosed with a brain tumour, like John Travolta in “Phenomenon” (1996). In June I went as far as to say, the last five years, and in particular the last 5 months, have been so good to me, life could throw anything my way, including death, and I still would consider the total package a great deal.

And, boy, did I get what I asked for! Considering my gruelling experiences the last 5 months after that, i.e., since the day after midsummer, which started with my dog passing away, I’m expecting some major breakthroughs coming my way in due course.

Everything I’ve gone through in my life has ultimately proven to be the best thing that’s ever happened to me – perhaps not causally, but with uncanny synchronicity. So, why should my experiences with pain, loneliness and hearthache this fall be any different? Given what I know to be true about my history and my constitution, these experiences are bound to morph from hellish torture into the best things that’s ever happened to me. 

What doesn’t kill you makes you stronger, and I’m still kicking.

Here’s to looking forward immensely to getting to know in which way the twists and turns of summer and fall of 2019 were the best things that ever happened to me, objectively, materially, relationship-wise, perceptionally etc.

Remember, we’re always travelling (Vi Reser Alltid — my motto in Swedish), and that’s a good thing. Being static is being dead.

Newness and resonance

For an update of my financial comings and goings, skip to the final paragraph (which is in Swedish)

Meaning, Perspective, Resonance, Newness

During a recent meditation session I had some an unexpected epiphany on Resonance, which I think complements a series of posts I wrote on the theme of Perspective and Meaning about a year or two ago.

I’ll expand my thoughts on how Resonance and relationships are what truly creates meaning, even if they can be thought of as on the Perspective spectrum. Adding Resonance provides more clarity on how to approach and achieve meaning in practice.

I’m also planning to write a post, or possibly a series of posts, on the topic of Newness and its relation to Novelty. Very briefly, the following example carries the gist of the concept. Some people seek the (basically meaningless) novelty of shaking an endless series of new hands, whereas the ever richer newness of letting your hand slip into the same hand of your loved one’s for a millionth time is significantly more meaningful.

I’ve also been thinking about how particles (as well as feelings) can never meet, so how can people? Ae we forever alone? On the other hand, waves can be infinitely superpositioned and all can be as one. So we’re never alone?

The final piece of the puzzle for me was Resonance, and although auditory resonance requires a physical medium, I’m open to the fundamental building blocks of reality simply being able to resonate as a basic premise. Some of the most recent realist foundations of quantum mechanics kind of support that view, I think. Not least those based on “Outlooks/Views”, “Networks” and “Entropic Entanglement” as the fundamental building blocks, from which space and time are emergent phenomena. More about these things later.

Finanskursen av Karl-Mikael Syding startar den 30 november 2019

Introduktion till finansiella marknader och värdebaserad aktieanalys

Under 2019 har jag sammanfattat mina viktigaste insikter och metoder för värdebaserad aktieanalys. De finns nu tillgängliga i som börjar den 30 november 2019.

Jag har länge tyckt att det är ett problem att de flesta aktieköpare sällan gör en värdebaserad analys av bolagen. Istället drivs priset långt från sin motiverade nivå på grund av passiva investeringsflöden. Därför kan vi som är värdeinvesterare till exempel med fördel leta bland mindre bolag som inte ingår i index, ETF:er och indexfonder. Men för att göra det krävs kunskaper i verksamhetsanalys och värdering.

I Finanskursen lär jag ut hur jag gör rent praktiskt när jag analyserar och identifierar köpvärda företag och aktier från grunden, inklusive hur man läser en årsredovisning och bygger resultat- och värderingsmodeller.

Finanskursen bygger på min kunskap från min Master of Science på Handelshögskolan och vidareutbildningar hos Sveriges Finansanalytikers Förening. Dessutom har jag förstås nytta av mina 25 år som analytiker på olika banker/fondkommissionärer och som privatinvesterare i ett femtontal start-ups, men det är kanske främst min roll som hedgefondförvaltare på Futuris* åren 2000-2015 som lagt grunden till min analysmetodik.

* Futuris: The (HFR) European Hedge Fund Of The Decade (2000-2009) 

Karl-Mikael Syding

f.d. partner och förvaltare på Futuris (Brummer)

Du kan göra en preliminär ansökan här utan att förbinda dig vid något. Där bedömer vi tillsammans om kursen är något för dig. Det slutgiltiga priset är inte bestämt ännu, men det kommer röra sig om närmare 1000 USD, vilket jag förstår att många inte har råd eller lust att betala om inte deras arbetsgivare kan bidra. Värdet på kursen (för att inte tala om priset för att erhålla motsvarande kunskaper i andra värdebaserade kurser) är mycket högre och det är helt enkelt orimligt att leverera kursen billigare.