A batch of the best highlights from what Edwin's read, .
Ninety percent of life is just going about your business. It’s a meeting at work, a trip to the supermarket, or small talk with another parent while dropping the kids off at school. And usually there are other people around. In these normal moments of life, you’re not staring deeply into another’s eyes or unveiling profound intimacies. You’re just doing stuff together—not face-to-face but side by side. You are accompanying each other.
How to Know a Person
David Brooks
One of the most important elements in delivering innovative products to market (and the search for product-market fit) is a keen understanding of just how new and innovative your product might be. As trivial as this sounds, taking a hard look at product plans, architecture, and experience can offer insights in how to deliver the most value to customers and to be genuinely innovative.
New Things in New Ways, or Same Old Things in Old Ways?
medium.learningbyshipping.com
To staunch the bleed, many banks reclassified AFS securities as HTM. This meant recognising losses upfront, but the switch would protect balance sheets from further losses as bond prices continued to fall. The largest bank, JPMorgan transferred $342 billion of securities from AFS to HTM, taking its weighting of AFS down to 30%. Others followed suit: Across the industry, the weighting of banks’ securities held as AFS shrank from three-quarters to just over half by the end of 2022.