Conversation

"How much would a generically smart liberal arts graduate know about this subject within 2 weeks of hearing it existed?" successfully predicts about 98% of articles. (One can trivially cite the 2%, but they're not labeled "This is the one today which isn't mostly winging it.")

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Ariel Greenwood

@greenwoodae

· Feb 25, 2019

It may be a good idea to assume that any topic receiving occasional mainstream coverage in a publication like NYT, etc. is at least 10x more complex than is represented. If one wants to appear intelligent, cite the article; but to gain understanding, talk to its subjects.

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Patrick McKenzie

@patio11

Feb 25, 2019

What percentage of articles written about, say, HFT were written by someone who could succeed at this challenge: "Draw me an order book. Any order book."

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Jesse Powell

@jespow

Replying to

@patio11

Reminds me of that article on Bloomberg written by the journalist covering "market structure" in which he identifies "manipulation" of the stable coin markets, evidenced by the highly suspect and inexplicable lack of volatility.

2:08 AM · Feb 25, 2019Twitter Web Client

Replying to

To be fair, stablecoins *should* be volatile. The fact that they aren't is interesting. ("That defeats the purpose." Kinda, but zero coupon bonds don't stop being exposed to all the usual bond risks just because you call them coins.)