Interesting papers I've been reading

Books I've been reading

  • Central Banking 101, Joseph Wang

    Provides a really clear overview of the plumbing of the financial system and the fed. Nothing quite like this and definitely worth re-reading.

  • The Black Swan, Nassim Nicholas Taleb

    Perhaps I'm not well-equipped in experience or intellectually to wrestle with the philosophical discourse in this one. It's very long and I felt there wasn't a lot of concrete takeaways. Looking forward to Antifragile, which I guess would be more practical(?)

    NNT spoke about how success in academia nowadays heavily relies on black swans, and is a "winner takes all" system. This video pretty much sums it up:

  • The Crash of 2008 And What It Means: The New Paradigm For Financial Markets, George Soros

    The theory of reflexivity complements the black swan. Soros' "postulate of radical fallibility" (which postulates that an idea/theory/model eventually defeats itself as it is overexploited and pushed to the boundaries) describes how NNT's "platonic fold" arises. Later parts were a bit boring.

  • The Rise of Carry, Tim Lee, Jamie Lee, Kevin Coldiron

    Lengthy discussion on carry, with a violent turn to philosophy in later chapters.

  • Geopolitical Alpha, Marko Papic

    Preferences are optional and subject to constraints, whereas constraints are neither optional nor subject to constraints.

  • More Money Than God, Sebastian Mallaby

    Incredible storytelling.

Reading soon