Join 📚 Josh Beckman's Highlights
A batch of the best highlights from what Josh's read, .
Many of our beliefs were learned before we had a choice in what we were taught.
The Creative Act
Rick Rubin
Just like regular investment funds can either be actively managed or “closet indexers” who mostly track the index, ESG funds can either have active idiosyncratic views about what companies are good for ESG, or can just track published benchmarks. If you just track the benchmarks then you will, in a certain light, have better ESG performance, because *the benchmarks are the ESG performance* . But that might not be quite what one wants in an ESG manager.
Money Stuff: AMC Has Some Clever APEs
Matt Levine
While we believe API instability directly creates churn, we also believe that API stability directly retains customers by increasing the migration overhead even if they wanted to change providers. Without an API change forcing them to change their integration, we believe that hypergrowth customers are particularly unlikely to change payments API providers absent a concrete motivation like an API change or a payment plan change.
How Should Stripe Deprecate APIs?
lethain.com
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