Join 📚 Josh Beckman's Highlights
A batch of the best highlights from what Josh's read, .
The value of a product is the number of problems it can solve divided by the amount of complexity the user needs to keep in their head to use it. Consider an iPhone vs a standard TV remove: an iPhone touchscreen can be used for countless different functions, but there's very little to remember about how it works (tap, drag, swipe, pinch). With a TV remote you have to remember what every button does; the more things you can use the remote for, the more buttons it has. We want to create iPhones, not TV remotes.
My Heroku Values · GitHub
gist.github.com
The three bank runs which already happened had idiosyncratic causes, but “if accounted for accurately, the bank is insolvent” is the sort of thing which, if one stipulates to it, one would suggest might generate bank runs in the near future. And so there was a policy response, which much commentary has assumed is primarily about the banks which no longer exist, and the satisfaction of their depositors, and which is actually much more about banks in danger which might yet be saved.
Banking in Very Uncertain Times
Patrick McKenzie (patio11)
At least sometimes, it seems, there is more demand for a very safe cash flow *plus* a very risky cash flow than there is for a single blended kinda-risky cash flow.
Money Stuff: Slicing Cash Flows for Better Ratings
Matt Levine
...catch up on these, and many more highlights
Readwise