Join 📚 Josh Beckman's Highlights
A batch of the best highlights from what Josh's read, .
If you run a mutual fund, a high mark is good for investors who *take money out*, while a low mark is good for investors who *keep money in*.
Money Stuff: CoinDeal’s Bentleys Weren’t Real
Matt Levine
CEOs always act on leading indicators of good news, but only act on lagging indicators of bad news.
High Output Management
Andrew S. Grove
When they set off, one by one, first in the sprint, then the first shootout, what struck me was how quiet the cars were. This makes sense to me as someone who once studied acoustics in graduate school. Formula 1, again like sword fighting, is about an economy of motion. Noise is a hallmark of mechanical inefficiency. [[When mechanical systems work well, they work quietly. Noise at its core is excess energy.::highlight]] In Formula 1 cars, being perfect machines, that energy is redirected where it could be of use.
Behind F1's Velvet Curtain
Kate Wagner
...catch up on these, and many more highlights
Readwise