slowly realizing i have no idea how traditional finance works or what it even is
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Ironically I think of tradfi as being quite decentralized itself, you have different firms & customers in totally discrete ecosystems pursuing totally different business models. "Finance" is so vague a term that it's close to meaningless outside contexthttps://twitter.com/drewg__/status/1138986376211382272?s=19 …
My framework for thinking about finance is that it's a sort of meta-technology that lets us transform the relationship that value has with time. You can see this instantiated in different areas of finance, e.g. retail lending lets borrowers lever their future flows for cash now
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that's neat, i like that a lot really need to learn more about debt any resources you recommend?
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On debt specifically, I would recommend David Graeber's "Debt: the first 5000 years" which is an anthropological history of debt and credit For something technical on debt capital markets, I'd recommend Veronesi's (2010) Fixed Income Securities
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