A garden is never finished

When I think about creating a great service, a quote by Czech writer Karel Capek comes to mind: “A garden is never finished. In that sense it is like the human world and all human undertakings”. At Variant Perception we strive to improve upon yesterday,...

Making VP work for me

3 years after graduating I was on a very comfortable path at a big investment management company where I could steadily progress up the ranks and make a good living. Instead I decided to join Variant Perception. I wanted to learn more, grow more and risk more....

The Big Short (Reports)

Variant Perception aspires to be right 100% of the time, but when we miss a call, we don’t camouflage it. Because we produce reports that are short and direct, there is no place to hide incorrect calls. It is tempting to write lengthy reports, which give you...

Working in a small business

“One thing that I’ve learned from being a parent and working at small businesses is the importance of sleep. I remember after our first daughter was born, I was getting very little sleep like all new parents. I was going about my normal routine during the day...

12 Years of VP

“We set up Variant Perception to solve our own investing needs.  Most investment strategy and economic research we read was highly idiosyncratic and dependent on a guru or some strategist with a crystal ball.  While they occasionally got some big calls right, they...

What to read to learn about macro?

I often get approached by university students or graduates asking me what books they should read to learn about macro or investing. I don’t have a definitive answer, but I can share some books that have heavily influenced my personal journey. In general, I have...