Relative to other insects, dragonfly vision is extraordinarily good. The head consists almost entirely of two huge compound eyes, which gives the dragonfly nearly 360° vision. Each compound eye contains as many as 30,000 lenses, or ommatidia.

To go deep, you must first go wide.

We look at the world through multiple lenses.

Our Approach

We look at the world through multiple lenses–mathematics, economics, engineering, physics, psychology, and other disciplines. Using multiple models is crucial to our process, helping us turn information into insight and spot broader trends that others miss. Among the topics 13D covers:

  • Agriculture
  • Central Banks
  • China
  • Commodities
  • Credit Markets
  • Currencies
  • Energy
  • Europe
  • History & Literature
  • India
  • Infrastructure
  • Personal Health
  • Political & Social Trends
  • Security
  • Technology & Disruption
  • Transportation
13D Publications Video

We are "Foxhogs".

The story of the fox and the hedgehog has been told in many forms through the ages, but the essence of it is always the same. The fox evades his attackers in a variety of inventive but exhausting ways, while the hedgehog adopts one tried and trusted strategy—hunkering down and letting its spikes do the work.

In the words of Greek poet Archilochus: “The fox knows many things, but the hedgehog knows one big thing.” Discussions of the hedgehog and the fox often come down to whether it’s better to be one or the other. But in a world that rewards expertise and the groundbreaking insights that come from the clash of domains, we need to be both. 13D is both.

Multiple Models


The answers may be unknown, but it’s only through imagination that you can escape the manacles of conventional thinking. It’s hard to have vision without imagination.

Contrary thinking

Genuine contrary thinking requires such independence of mind and disdain for popular opinion that, by its very nature, it can be embraced by only a few.

Theory of contagion

We believe a contagion will continue until proven otherwise. An example is extreme weather events. We began chronicling these in 2002, when floods in Eastern Europe reached 500 year extremes. The next year, France had the hottest weather since records began. And ever since, weather extremes have gained in frequency and intensity.

Theory of anomalies

An anomaly is an inconsistency. It might be something that should be happening and isn’t, or it might be something that is happening and shouldn’t be. The best known and most common examples are stocks (or a stock market) that go down on good news or refuse to fall further on bad news. When an anomaly first appears, it is only a subject for further study. Perhaps the anomaly will disappear. But, if it persists, then you must ask the question: “Why?” The answer often leads to the truth.

Multiple messages

The messages from the markets are increasingly complex and conflicting. Therefore, we are continually evaluating our macro views in light of total market action? from credit to bonds, to currencies and equities, to emerging markets and inter-market ratios.

Investor psychology

A long time ago, we came to the conclusion that investors base their attitudes on their last traumatic experience. That says a lot about the past, but virtually nothing about the future. The more traumatic the losses, inevitably, the bigger the bull market in the aftermath. Irrational under-pricing or over-pricing of assets creates the best investment opportunities.

I am very delighted to share 13D Research’s services and its insights with others. In my opinion, 13D is a worthy, independent, insightful research company.

Li Keping Former President and CIO of China Investment Corporation (CIC)

I wanted to thank you for the impact you have had on my understanding of life, the universe and the pursuit of living in the moment. There is no doubt you have materially changed my perspective and shaped how I will lead and live for the remaining time in this life in the universe. I have read many of the books you referenced and practice many of the improvements in health.

John W. Chisholm Chairman of Board, CEO and President, Flotek Industries

I am impressed by his strong passion in reading, and his unmatched depth and breadth of knowledge and wisdom. Every time I see and talk to Kiril, he never fails to amaze me with his understanding of history and foresight ……. how he could look ahead of the curve; and that is always inspiring and thought-provoking.

Raymond P L Kwok Chairman and Managing Director Sun Hung Kai Properties Limited

The latest from our experts

Here we are doing something that almost seems like a suicide mission…increasing the size of the deficit while we’re raising interest rates.

“Here we are doing something that almost seems like a suicide mission…increasing the size of the deficit while we’re raising interest rates.”

with the personal savings rate at 2.8%, the margin for error is getting thinner at a dangerous time.

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Is it time to worry that the boom in global megacity housing prices could turn into a bust with a potential contagion across the global economy?

Is it time to worry that the boom in global megacity housing prices could turn into a bust with a potential contagion across the global economy?

“The risk of a real estate bubble in top global cities has increased significantly in the past five years.”

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Will quantitative tightening be inflationary (continued)?

Will quantitative tightening be inflationary (continued)?

When the purchasing power of the U.S. dollar erodes, it will become less attractive to own.

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