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
The 1st Law of Behavior Change is to make it obvious. Strategies like implementation intentions and habit stacking are among the most practical ways to create obvious cues for your habits and design a clear plan for when and where to take action.
An Easy & Proven Way to Build Good Habits & Break Bad Ones
James Clear
Tramps work, hoboes won't, and bums can't.
Common, selfdefining phrase heard among the men in the freight yards.
End of the Line
John Free
...catch up on these, and many more highlights
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