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Patrick McKenzie

@patio11

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On the one hand I should not be surprised, and on the other hand I am surprised, and on the gripping hand I wonder whether it can do stylometric analysis accurately given cases which are not obvious layups. t.co/3b9LwwSQdm

almost 2 years ago

Read it

One of the most common questions I’ve gotten since writing about bond math, which I thought I already answered, is whether it affects loans as well. Yes, it does. A fixed interest loan decreases in value if interest rates rise. It is not worth the balance (and wasn’t on day 1).

almost 2 years ago

Is there a word to describe the phenomenon of a statement carefully worded to be entirely literally accurate, absolutely unreproachable on legal or similar review, inevitably cause people to read entirely the opposite meaning, with this being intentionally designed?

almost 2 years ago

In Kyoto briefly almost twenty years exactly since I first visited here (and Japan) and the nostalgia is almost overpowering. Also, as if scripted by the universe, hearing people who might as well be me from 20 years ago.

almost 2 years ago

“Could we simply choose to not be slow?” plus incentive compatibility is a surprisingly powerful mix, including in fields where it is not (yet) widely deployed. t.co/n6AIV07cPp

almost 2 years ago

Me: Can’t sleep, wonder whether stuff hitting the fan yet. Guess I’ll check WSJ. *makes it to first headline* Me: Well that answers that.

almost 2 years ago

I’m going to elude naming the bank, but I just got a friendly message from Interactive Brokers saying that accounts with a concentrated position in that bank’s preferred shares would effective immediately be margined based on a bespoke stress test and not the usual formulas.

almost 2 years ago

I’m not sure whether this will take off (ba dum bum) but always good to see new fundamental innovation in logistics, particularly when it is shaped like something which would have struck almost anyone as a joke a few years ago. t.co/17RmqDRzBn

almost 2 years ago

The first sentence is God's honest truth, and to be honest, it snuck up on me. I am not making a claim to knowledge and/or power because I am acutely aware that consensus does not allow people with knowledge and/or power to claim that... t.co/BXyeNJNcAN

almost 2 years ago

I also feel this, and feel like we’re in that relatively brief period before Of Course Everyone Always Knew That… t.co/bh2rgeOJJ2

almost 2 years ago

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