The Inversion Investor

The Inversion Investor

A Note to the Niche — and the Naïve

Peter Pham's avatar
Peter Pham
Nov 25, 2025
∙ Paid

People assume that whatever is developed must be efficient — that liquid markets behave perfectly, and that modern social behavior is some finished product.

But every day I see inefficiencies in the most ‘perfect’ systems and the most ‘civilized’ people.

I can spot the cracks in structures they think are solid, and the signals in human behavior they don’t…

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