I used to read business biographies and think “this would be easier to follow with annual financial statements,” and now I mostly think “this would be easier to follow if I knew how they handed child care.”
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Approximate transcript of a meeting I had recently: “...so they’re short duration on the asset side, but also short duration on the liability side, and their asset short gets bigger as inflation goes to—“ “WANT HUG AND KISS, DADA.” “Ok.” “Want big hug! Now tiny hug. Now medium.”
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