Flash Crash: Rage Against The Machine by Worth Wray of Evergreen Gavekal Capital “The world clings to its old mental picture of the stock market because it’s comforting; because it’s so hard to draw a picture of what has replaced it; and because the few people able to draw it for you have no interest in doing so.” – Michael Lewis, author of the bestseller Flash Boys Summary Of EVA’s Key Points The second widespread US equity “Flash Crash” on August 24, 2015 was a wakeup call for investors. In addition to the S&P 500’s 5% fall as the market opened,…
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