Somewhere else, part 175

(Halloween Tree, by Glen Brogan)

Some posts and articles worth reading, here and there

A bank’s earnings are a quantum event; they are entirely probabilistic, and the answer you get depends on who’s doing the observing. You make some guesses with some degree of statistical likelihood, and then you apply one of a half-dozen accounting regimes to the guesses, and you get a number, and then you’re like, ooh, look at this number, it’s so numeric.

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