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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    Patrick McKenzie‏ @patio11 24 Feb 2019
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    Patrick McKenzie Retweeted Ariel Greenwood

    "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.")https://twitter.com/greenwoodae/status/1099832077577379840 …

    Patrick McKenzie added,

    Ariel Greenwood @greenwoodae
    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.
    5:45 PM - 24 Feb 2019
    • 105 Retweets
    • 485 Likes
    • Murat Özdemir Mika Honkasalo ANTIBOOKING Brian Sze KO Flatvid Joao V. Pinheiro @micahstubbs Sina Motamedi
    17 replies 105 retweets 485 likes
      1. New conversation
      2. Patrick McKenzie‏ @patio11 24 Feb 2019
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        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."

        4 replies 7 retweets 108 likes
        Show this thread
      3. Patrick McKenzie‏ @patio11 25 Feb 2019
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        Related questions that would just be mean: “How many order books are there for Google shares? Within an order of magnitude is fine.”, “A retail investor does a market sell for five shares. Which order book is impacted and how?” “Same question, institutional investor, limit, 100k”

        3 replies 2 retweets 33 likes
        Show this thread
      4. End of conversation
      1. New conversation
      2. Paul Graham‏Verified account @paulg 25 Feb 2019
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        Replying to @patio11

        Which would be ok, if it weren't a tradition in journalism to write as if one were an authority.

        1 reply 6 retweets 158 likes
      3. Chandler Tuttle‏ @chandlertuttle 25 Feb 2019
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        Replying to @paulg @patio11

        Thank you — yes! — the presumption of authority is exactly the problem. As “generically smart liberal arts graduates,” we‘re not experts, we’re avatars for our audience. Our job is to ask the questions a generically smart person would ask. We’re in the questions business.

        1 reply 0 retweets 9 likes
      4. 1 more reply
      1. New conversation
      2. apenwarr‏ @apenwarr 24 Feb 2019
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        Replying to @patio11

        Imagine a world in which they *were* labelled and you could just pay to subscribe to those.

        3 replies 1 retweet 12 likes
      3. apenwarr‏ @apenwarr 24 Feb 2019
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        Replying to @apenwarr @patio11

        Although on second thought, that basically describes Harvard Business Review, and all the articles are so intense with real information that I procrastinate reading them and just hang around here instead. I'm my own worst enemy.

        1 reply 2 retweets 10 likes
      4. 1 more reply
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      2. Michael Hall‏ @mhall119 24 Feb 2019
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        Replying to @patio11 @QuinnyPig

        Isn't that the point of journalism though? News isn't supposed to make you an expert in a tpoc, it's just supposed to get you a 2 weeks' study worth of information about the topic while requiring only 2 minutes of your time.

        2 replies 0 retweets 13 likes
      3. Tim Almond‏ @timalmond 24 Feb 2019
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        Replying to @mhall119 @patio11 @QuinnyPig

        but shouldn't the people writing it have some more than that? So they understand it properly and can then write the version for readers?

        1 reply 0 retweets 1 like
      4. 3 more replies
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      2. Atty Eleti‏ @athyuttamre 25 Feb 2019
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        Replying to @patio11

        I first realized this reading technology coverage by the NYT about Facebook while I worked there. So much of the reporting was far from the truth (while some was close). Then I learned of the Gell-Mann effect and realized worse: https://en.wikipedia.org/wiki/Gell-Mann_amnesia_effect …

        1 reply 0 retweets 3 likes
      3. Atty Eleti‏ @athyuttamre 25 Feb 2019
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        Replying to @athyuttamre @patio11

        Atty Eleti Retweeted

        A good recent example: https://twitter.com/antoniogm/status/1099005258598998021 …

        Atty Eleti added,

        This Tweet is unavailable.
        1 reply 1 retweet 4 likes
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