Research
MorMag believes rigorous research is the foundation of effective capital allocation. Our analysis combines macroeconomic insight, company-level fundamentals, and long-term structural thinking to identify opportunities across global markets.
Featured Research
The Research Pipeline at MorMag
The Research Pipeline at MorMag represents a structured framework for transforming information into investable insight. At MorMag, research is viewed as a continuous process of learning, adaptation, and refinement within an environment defined by uncertainty.
Optimal Stopping Theory and Investment Decisions
Optimal Stopping Theory provides one of the most elegant frameworks available for understanding investment timing and decision-making under uncertainty. At MorMag, this perspective forms part of a broader investment philosophy grounded in probabilistic reasoning, adaptive thinking, behavioural awareness, and expected value maximisation.
Financial Contagion Through Networks
Financial contagion through networks provides one of the most powerful explanations for how local financial shocks evolve into systemic crises. At MorMag, this perspective forms part of a broader investment philosophy grounded in complexity theory, systems thinking, adaptive markets, and probabilistic risk management.
Complexity Theory and Investing
Complexity theory offers one of the most powerful frameworks available for understanding financial markets because it recognises markets for what they truly are: complex adaptive systems composed of countless interacting participants operating under uncertainty. At MorMag, this perspective forms part of a broader investment philosophy grounded in systems thinking, behavioural finance, probabilistic reasoning, and adaptive intelligence.
The Nature of Rationality in Markets
The nature of rationality in markets is far more nuanced than traditional financial theory initially suggested. At MorMag, this perspective forms part of a broader philosophy grounded in behavioural finance, complexity science, adaptive systems thinking, and probabilistic reasoning.
Why Most Quant Research Fails
Most quant research fails because financial markets are far more complex than they initially appear. At MorMag, this perspective forms part of a broader quantitative philosophy grounded in probabilistic reasoning, adaptive systems thinking, behavioural finance, and structural market analysis.
Conviction Without Certainty
Conviction without certainty represents one of the most important principles in investing because it reconciles two realities that often appear contradictory. At MorMag, this perspective forms part of a broader investment philosophy grounded in adaptive thinking, probabilistic reasoning, behavioural awareness, and intellectual humility.
Unknown Unknowns in Financial Markets
Unknown unknowns represent one of the deepest challenges within finance because they exist beyond conventional models, forecasts, and risk frameworks. At MorMag, this perspective forms part of a broader philosophy grounded in probabilistic thinking, complexity science, adaptive systems theory, and resilience-focused investing.
The Mathematics of Alpha Decay
The mathematics of alpha decay provides a powerful framework for understanding why investment edges weaken through time. At MorMag, this perspective forms part of a broader quantitative philosophy grounded in adaptive systems thinking, evolutionary finance, probabilistic reasoning, and structural market analysis.
Entropy as a Financial Signal
Entropy as a financial signal provides a powerful framework for measuring uncertainty, informational complexity, and structural organisation within financial markets. At MorMag, this perspective forms part of a broader quantitative philosophy grounded in complexity science, adaptive systems thinking, probabilistic reasoning, and structural market analysis.
The Hidden Cost of Liquidity
The hidden cost of liquidity is one of the most important yet underappreciated concepts in finance. At MorMag, this perspective forms part of a broader understanding of markets as adaptive systems shaped by incentives, information, behaviour, and uncertainty.
Markets as Evolutionary Systems
Markets as evolutionary systems provides one of the most powerful frameworks for understanding modern finance. At MorMag, this perspective forms part of a broader philosophy grounded in complexity science, adaptive systems thinking, behavioural finance, and probabilistic reasoning.
Agent-Based Models of Financial Markets
Agent-Based Models of Financial Markets provide a powerful framework for understanding how complex market behaviour emerges from the interaction of diverse participants operating under uncertainty. At MorMag, this perspective forms part of a broader quantitative framework focused on adaptive systems, behavioural finance, market microstructure, and probabilistic reasoning.
Random Matrix Theory in Financial Markets
Random Matrix Theory provides one of the most powerful tools available for distinguishing genuine information from statistical noise within financial markets. At MorMag, this perspective forms part of a broader quantitative philosophy grounded in probabilistic reasoning, adaptive systems thinking, and rigorous signal validation.
The Economics of Information
The economics of information provides a powerful framework for understanding how knowledge, uncertainty, and decision-making shape economic systems. At MorMag, this perspective forms part of a broader investment philosophy grounded in probabilistic reasoning, behavioural analysis, adaptive systems thinking, and structural market understanding.
Discounted Cash Flow (DCF)
Discounted cash flow analysis remains one of the most important frameworks within finance because it connects value directly to future economic reality. At MorMag, DCF is viewed as both a valuation methodology and a conceptual framework for understanding how future wealth is transformed into present value.
Inside the MorMag Quant Lab (IV)
The MorMag Quant Lab represents an ongoing effort to understand financial markets through the lenses of adaptation, complexity, probabilistic reasoning, and structural intelligence. Most models assume a world that is more stable than the one that actually exists. The MorMag Quant Lab was built around a different premise; markets are not static systems requiring optimisation; they are adaptive systems requiring continuous interpretation.
Learning From Mistakes
Learning from mistakes represents one of the most important processes within investing, decision-making, and adaptive intelligence. At MorMag, this perspective forms part of a broader investment philosophy grounded in probabilistic reasoning, systems thinking, behavioural awareness, and adaptive evolution.
The Six Levels of Order Thinking
The six levels of order thinking provide a powerful framework for understanding financial markets as layered adaptive systems shaped by interaction, incentives, behaviour, and uncertainty. At MorMag, this perspective forms part of a broader investment philosophy grounded in systems thinking, behavioural finance, probabilistic reasoning, and adaptive intelligence.
Probabilistic Thinking
Probabilistic thinking provides one of the most important frameworks for decision-making within financial markets and complex adaptive systems. At MorMag, this perspective forms part of a broader investment philosophy grounded in systems thinking, behavioural analysis, probabilistic intelligence, and structural awareness.

