I work for the Internet and am an advisor to <a class="tweet-url username" href="https://twitter.com/stripe" data-screen-name="stripe" target="_blank" rel="nofollow">@stripe</a>. These are my personal opinions unless otherwise noted.

Patrick McKenzie

Markets seem to be coming around to this point of view, unfortunately. https://t.co/qdr80zLN2Z

This is likely to be a bit of a bumpy week for the financial system, and if you need to, I would reserve some bandwidth for dealing with those developments as they come.

I work for the Internet and am an advisor to @stripe. These are my personal opinions unless otherwise noted.

Suppose I’ll make the disclaimer once to avoid having to do it a lot: owing largely to factors related to working in financial industry I have not been short any bank in many years, would not start now even if warranted, and my direct exposure to bank equity is homeopathic.

“Homeopathic?”

So I have long had a practice of buying a trivial amount of stock (typically a few hundred dollar’s worth) for any bank that my family or business depends on, for the explicit purpose of being able to call Investor Relations and identify myself as a shareholder.

That is anomalously useful if one runs into routine banking issues, and the general weirdness in my life plus a bit of quirkiness in decisions I make causes me to run into anomalously many routine issues with banks.

from Patrick McKenzie | by Patrick McKenzie