📚 Roger's Highlights

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A batch of the best highlights from what roger's read, .

Before digital computers, making things consisted of design followed by manufacturing. With software, when the design is finished, you're done.

(23) Paul Graham on Twitter: "@Austen Before Digital Computers, Making Things Consisted of Design Followed by Manufacturing. With Software, When the Design Is Finished, You're Done." / Twitter

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Derivatives and bonds are contracts, not part ownership of a business; your legal obligations and protections, if any, are lurking in the fine print. Their issuers are not otherwise duty bound to act in your best interests, unlike the senior executives of corporations you own. But Wall Street invents financial contraptions with features that are too complicated for many buyers to evaluate properly. For those who understand them better than others, these inefficiencies are profitable precisely because they dupe the unwary victims. Customers may know that a fund is leveraged but not realize that this feature makes it a wasting asset.

Big Money Thinks Small

Joel Tillinghast

I DID STAND-UP COMEDY for eighteen years. Ten of those years were spent learning, four years were spent refining, and four were spent in wild success. My most persistent memory of stand-up is of my mouth being in the present and my mind being in the future: the mouth speaking the line, the body delivering the gesture, while the mind looks back, observing, analyzing, judging, worrying, and then deciding when and what to say next. Enjoyment while performing was rare—enjoyment would have been an indulgent loss of focus that comedy cannot afford. After the shows, however, I experienced long hours of elation or misery depending on how the show went, because doing comedy alone onstage is the ego’s last stand.

Born Standing Up

Steve Martin

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