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Social Web in the Wild
dr.amy.gy
Notice, too, how much less certain the Webster definition seems about itself, even though it’s more complete — as if to remind you that the word came first, that the word isn’t defined by its definition here, in this humble dictionary, that definitions grasp, tentatively, at words, but that what words really are is this haze and halo of associations and evocations, a little networked cloud of uses and contexts.
You’re probably using the wrong dictionary « the jsomers.net blog
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Why would this work? Why would the sliced-up claims (senior bonds, junior bonds, shares) be worth more ($105) than a single unitary claim ($100)? There is a famous theorem saying that it shouldn’t work, that the value of the cash flows shouldn’t depend on how you slice them up. But of course people do slice them up. 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.
Slicing Cash Flows for Better Ratings
bloomberg.com
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