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Michael Kao, cio at Akadia Capital, discusses the concept of Schrödinger’s oil price, describing it as a quantum superposition, in thoughts shared on July 8, 2026.
The post highlights a unique perspective on oil price uncertainty.
Kao has previously likened investing in CLO equity closed-end funds to selling one-month put options, offering a perspective on credit risk in structured products. He has also drawn comparisons between low-float IPOs from the Dot Com era and inelastic supply assets like bitcoin. These earlier observations reflect his focus on market structure and investor behavior.