Letters
Letter №3 | June 2026
Letters Archive · 2026
Letters
Monthly letters from Epictetus Fund — the philosophy behind each decision, and the real numbers behind it.
Letters
Why Epictetus Fund Doesn't Do Swing Trading
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
Letter №2 | May 2026
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 This philosophy has already lasted around 2,500 years and, unlike many intellectual fads, hasn't become outdated — it's become
Letters
Letter №1 | April 2026
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