“Interest rates (and changes, and future expectations regarding them) have huge impacts on asset prices” is something which is widely understood by finance professionals. “Asset prices materially impact your life” is not widely understood except by finance professionals.https://twitter.com/sama/status/1215450930293817345 …
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(There exist many options to trade off legibility / certainty for upside if legibility / certainty are more important to you, and there are many firms which are happily selling what you’re buying.)
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I would love to have a debate on this. Because i see it as the main driver of the current ethos of the Bay Area. And i think it is a net negative for society in the current context. It put engineers out of the regulation role they had.
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'exotic vanilla wrap' entertains for longer
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