Join 📚 Josh Beckman's Highlights
A batch of the best highlights from what Josh's read, .
Yes, right, if you have a foreign-exchange derivative product that carries “lucrative fees,” that *means* that the customers don’t understand it. (If they understood it, they’d demand lower fees.) If you have a product like that, you will naturally be tempted to sell it to as many customers as possible. And then every so often, something will go wrong, and you’ll have to spend a year or two resisting that temptation and having contrite no-materials meetings with the customers to make them feel better.
Money Stuff: UBS FX Trades Were Too Good
Matt Levine
Remember kids, the only difference between fooling around and science is writing it down.
I Remember an Old PhD Comics Strip Where a Professor Says “Remember Kids, the On...
Hacker News
Robustly getting a machine to react based on its surrounding environment remains a complex problem, even if the machine is physically capable of doing it.
Where Are the Robotic Bricklayers? - By Brian Potter
constructionphysics.substack.com
...catch up on these, and many more highlights
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