Epictetus Fund · Monthly Letter · Published September 2026 Letter No. 5: The Cithara Player and the Operator’s Anxiety Dear readers, This is Letter No. 5, covering August 2026. “Whenever I see someone in a state of anxiety, I ask: what is it that he wants? If he did not want
Epictetus Fund · Monthly Letter · Published August 2026 Dear subscribers, this is Message №4 | July 2026. “Following nature” for Zeno isn’t a bumper sticker, it’s the demand to see the Logos as the rational order of the world (markets included) and to align our inner reason with this order
Letters Archive · 2026
Letter · June 2026 (Architect of the System and the Sage’s Clay Lamp) 10 June 2026 Epictetus Fund doesn’t avoid swing trading out of asceticism or some fancy pose. It avoids it because, over a long horizon, swing trading almost always swaps capital architecture for reacting to noise, and
Letters Archive · 2026 Epictetus Fund · Monthly Letter · Published June 2026 Dear subscribers, this is Message No. 2 | May 2026. The Stoic level in our system is eternal. This philosophy has already lasted around 2,500 years and, unlike many intellectual fads, hasn't become outdated — it's become
Every rule we've broken, diagnosed in the open — and what it means to steward capital for 25 years.
Two management styles, one house, real money — scored in public for 36 months.
The full-year execution record for the Stoic Core and Tudor — structure, weights, and what we actually did.
The operating manual: the rules, the limits, and the discipline that governs every decision.
The 25-year architecture: the 30/30/40 structure and the long-horizon thesis.
The Stoic philosophy behind a working family office — applied to real capital, not theory, where discipline beats prediction.
Letters Archive · 2026 Epictetus Fund · Monthly Letter · Published May 2026 Dear subscribers, This is Letter №1 | April 2026. It's an honest account of what we've been up to, the decisions we've made, and how we navigated April through the lens of the four Stoic