Ergodicity: What Does It Mean?
Why the difference between ensemble and time averages matters for investing and risk
Leon Lin
I write to understand how investing, technology, and systems actually work, plus whatever else catches my attention.
I've spent my career across finance and technology — investment banking, fundamental long/short investing, quantitative finance, startups, and large technology companies. These days I also build software and systems to help me research, analyze, and make better decisions.
Selected Work
A few things that best represent how I think.
Having faith in the Kelly Criterion for angel investing
Using math to estimate optimal portfolio sizing
Doctor GPT-3
or: How I Learned to Stop Worrying and Love the Artificial Intelligence
A story is a lie and a story is true
On stories, pitches, investing, startups, and why narratives matter.
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Mostly investing, technology, and how things work. Occasionally something completely different.
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