I am a sucker for anything having to do with conditional probability. How come I have never seen Bayes rule expressed like this before? So good from Grant Sanderson

The percentage of twitter followers you have lost in the last week is a measure of how fascist you are.

.⁦Matt Levine⁩ is as usual excellent. “Financial markets exist to foster price discovery and capital formation, but the way they do that is mostly by letting smart people mess with each other all day.“ bloomberg.com/opinion/articl…

Trough to Froth: LCD's 1Q + Outlook leveraged finance webinar free on-demand: Inflation impact on markets; CLO issuance vs #leveragedloan supply; default projections; #highyield performance/industries, much more. Download the deck: buff.ly/3v3J0vG

Demand for CLO Deals Is So Hot That Wall Street Can’t Keep Up - Bloomberg bloomberg.com/news/articles/…

Who are the best Twitter follows to try and understand the implications in China and elsewhere of the Evergrande situation? I will start with Blume Industries CEO Balding 大老板 , Michael Pettis , Patrick Chovanec . Who else?

Late to this, but this is very good.

Adding Adam Tooze , Jens Nordvig , and KKGB to the list.

And then this drops. I haven’t listened to it yet but I feel fairly confident we can add Travis Lundy 👹 to the list. x.com/tracyalloway/s…

George Magnus is always worth reading: theguardian.com/world/2021/oct…

1/6 "It is harder to predict what will happen to home prices in China. If they do decline far or over any length of time, expect to see much bigger problems emerge for banks and for consumers as negative wealth effects spread among the urban population." theguardian.com/world/2021/oct…

Investors can’t get enough of CLOs, and a report that came out this week gives an inkling as to one reason why: the securities almost never default bloomberg.com/news/articles/… via Bloomberg Markets

This episode was really good.

Phew, not taking my job just yet

Spot on.