Narrative analysis
Our framework connects the interpretation of events with market expectations, portfolio exposure and dated, testable theses.
Explore the frameworkHawk Thorne research
Our approach to research and investing.
Hawk Thorne develops proprietary analytical methods and applies them to investing its own capital. We combine the interpretation of information, quantitative models and risk control.
01Our frameworks
GEPS
Our model studies when raising a per-trade profit target delivers diminishing reductions in the number of decisions needed to reach a capital target.
Explore GEPS02Research process
Frame the question
We define the phenomenon we want to explain and the evidence needed. We distinguish an observation from its interpretation.
State the assumptions
A model has a defined scope. We state the conditions under which it should work and the evidence that would challenge the thesis.
Test in practice
We implement methods in our own systems. We distinguish mathematical properties, simulation results and observations from actual investments.
Revisit the result
Public theses carry dates and resolution criteria. The ledger also retains those the market did not support.
03Proprietary capital
Accountable for our own decisions.
We invest real capital of our own. Research and technology development are part of that process.
Hawk Thorne does not currently accept outside investor capital. This site describes our activities and methods; it does not offer participation in a fund.
Public thesis ledger