The Inversion Investor

The Inversion Investor

The Cleansing of the Market

Peter Pham's avatar
Peter Pham
Aug 07, 2025
∙ Paid

For years, the stock market was praised for its efficiency.

But beneath that polished surface, something was quietly dying.

It wasn’t volatility.

It wasn’t liquidity.

It was meaning.

As algorithms took over and firms threw billions at marginal alpha, the market became saturated — not with innovation, but with repetition.

Everyone was front-running the same si…

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