Best of Twitter - Week of January 23, 2022
One thing it took me quite a while to understand is how few bits of information it's possible to reliably convey to a large number of people.
When I was at MS, I remember initially being surprised at how unnuanced their communication was, but it really makes sense in hindsight.
The fear was that if they said that they needed to ship fast and improve reliability, reliability would be used as an excuse to not ship quickly and needing to ship quickly would be used as an excuse for poor reliability and they'd achieve none of their goals.
I've seen quite a few people in upper management attempt to convey a mixed/nuanced message since my time at MS and I have yet to observe a case of this working in a major org at a large company (I have seen this work at a startup, but that's a very different environment).
^ 🤔 thread
A measured compare of crypto adoption compared to other tech like www, Facebook, mobile. After 13 years adoption of www was 10x, Facebook 15x, mobile 20x.
kkrants.com/blockchain-the…
Devastating new results on the effects of state-funded pre-K programs.
In policy you rarely get stronger study designs than random assignment + multi-year longitudinal follow-up.
Yikes.
doi.apa.org/doiLanding?doi…
I found myself explaining the appeal of leveraged ETF products to people many times, so I wrote up a post that I can link to instead: nearcyan.com/leveraged-etfs/
I briefly explain what leveraged ETFs are, what volatility drag is, why they may be appealing, and what the downsides are
^ people who know more about finance than i do, thoughts?