tom-thistime

Looks like it. Except I don't see that the bonds necessarily weren't liquid. They just kept going down as the Fed cranked rates up.

As some others have said in this thread: I'm just trying to talk about what happened, within my limited understanding. I'm not talking about who was right or wrong at all.

It sounds like a much worse outcome for the pension fund, yeah.

According to the article, the pension fund's exposure is because it owns shares of stock in SVB. That's bad, but bank stocks can be tricky. They're not saying they lost money as a depositor.

I'm not a historian. But "book" sometimes meant something much shorter in the past, at least in the West. Euclid's Elements is organized as "13 books" ... but it's one "book" today even with massive commentary included. Possibly that might account for one order of magnitude or so.

Exactly. The BBC must show us a Nalanda U hoodie, with a copyrighted logo, or else abandon these wild claims! Did this so-called 'university' even have a lacrosse team??

Irony notice: this comment contains irony.

Feels like a central issue. I find a lot to agree with here, and a lot to agree with in the comment you're responding to.

Thanks! Have you compared it to the "regular" 10y Laphroaig?

Can I ask kind of Scotch you like now? There's probably something out there that I'm just not finding.

EDIT: I'm open to things that I hate on the first sip. In fact that might work best for me.

Yeah, the Last Word is great (if you like it). Maybe the author is losing me in several layers of sarcasm or something. I sure hope so.

Thanks for asking. For me a lot of single-malt scotch, up until around 2000 (maybe later) seemed never to have been completely domesticated as a normal consumer product. Depending on what kind you liked, it could be almost kind of gross. My favorite in the 1990s was Talisker, which had almost a kind of rotting fish flavor. I have literally tried mixing a dash of fish sauce into today's Talisker to recover that. (Unfortunately that doesn't seem to work.)

Talisker now is a bit fiery, maybe very slightly reminiscent of the sea, and otherwise unobjectionable. It doesn't have what I need. I wish them well, but either my taste has changed or theirs has.

Sure, local distilling has benefited. It's a great point. My tiny town had an excellent micro-distillery that made really nice bourbon and my favorite gin.

But I really miss the way Talisker tasted up until the 1990s. And I'm guessing that's never coming back. For better or worse, Scotland isn't local for me and whatever may have replaced Talisker seems to be under the radar from here.

It's not quite so simple. A race to supply authentic Chartreuse at extremely high volumes is likely to produce ditchwater. Authentic ditchwater with the correct label on the bottle, but useless for drinking.

They're not saying it's the best strategy. It's obviously not the best strategy. The bug can't see anything in there.

I think that's right. I don't think the article is imputing "strategic thinking" to the individual larvae. They carry out a strategy, but they probably didn't whiteboard it themselves.

I think it's mainly the ability to start or stop jumping according to temperature. Jumping in a random direction, only when you're too hot, is a strategy for finding shade. Given a pattern of light and shade, that strategy is provably better than never jumping at all, or jumping regardless of temperature. (I haven't proved it, but I think I could.)

I think they're saying a jumping bean "has a strategy" in the same sense that a Roomba "has a strategy." The Roomba has an edge over a traditional vacuum cleaner. But if it's you against the Roomba, you're normally going to win.

Sorry to belabor something lots of readers already know: The long key may (or may not) be packed with entropy. But a pseudo-random number generator at best preserves the entropy in the key.