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Patrick McKenzie@patio11• about 6 years ago

You can replace the word “investment banks” with “the boogeyman” in most lay discourse about the finance industry, including by technical professionals, a fact which is somewhat frustrating to me.

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Patrick McKenzie@patio11• about 6 years ago
Replying to @patio11

Comment inspired by an HN thread where there’s some speculation that retail might get predated by the other half of the investor binary, investment banks, which possibly own some index funds.

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Patrick McKenzie@patio11• about 6 years ago
Replying to @patio11

“That sounds like snarking.” Imagine if I had just told you to optimize the performance of a React app by putting a multiplexer in the subroutines because it’s plausibly CPU-bound.

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Patrick McKenzie@patio11• about 6 years ago
Replying to @patio11

I am doubly frustrated because if you believe them to be shadowy masters of the world economy and yourself to be intellectually curious you’re sort of pot committed to having *some idea* of how they make money, right?

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Patrick McKenzie@patio11• about 6 years ago
Replying to @patio11

If you believe in vampire squids surely you need to care about vampire squids enough to answer the question “Is this drinking straw in fact a vampire squid? Is this hamster a vampire squid? Is a sofa a vampire squid insofar as they are both spongy?”

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