Messy humans

these deep fakes are getting scary good..

wtf pic.twitter.com/MSdnQE3f8g

— Blake Robbins (@blakeir) February 25, 2021

When capital is widely available the rules are very, very different. Like a binary on/off switch. All “on” right now. Super interesting. Some are good at one game and not the other. Some can only play one style of game. Makes each decision very difficult. https://t.co/x60bYi7akh

— Bill Gurley (@bgurley) February 15, 2021

A wrong belief that many otherwise smart people have is that index funds are “momentum investors” i.e. they mechanically buy more as prices rise and sell when prices fall (example from Bill Ackman’s 2015 investor letter below and I saw this *twice* in unrelated threads today). pic.twitter.com/rntUJjob2V

— macrocephalopod (@macrocephalopod) February 11, 2021

Timing is hard. pic.twitter.com/WzpNjTTXAu

— Trevor Scott (@TidefallCapital) February 24, 2021

UVA study of students who were asked to sit alone in a room for 15 minutes. Percent who decided to give themselves a painful shock.

Men, lol (h/t @idea_soup) pic.twitter.com/v71Zsqfhzw

— Paul Millerd (@p_millerd) February 23, 2021

Forget crypto (and certainly bitcoin)

The real exciting news is what Fed chair Powell told Congress yesterday

“We are looking carefully, very carefully, at the question of whether we should issue a digital dollar”

…

— Atif Mian (@AtifRMian) February 24, 2021

My paper, The Collateral Supply Effect on Monetary Policy, argues that (i) transformation since 1990s of financial markets increases use of repo-type collateral & (ii) limits central bank’s policy space. Presentation slides here: https://t.co/i1ELEj6I1t 1/

— Carolyn Sissoko (@csissoko) February 19, 2021