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Casey Newton Bluesky
UBS becomes the first bank to ask prospective employees: can you type into a box?
The the words it uses that this site has seen least often elsewhere. Posts are matched on those words alone — nothing here is a summary of this one.
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20 September
19 September
16 September
15 September
14 September
11 September
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korrents.com
Many employees at major AI labs earnestly believe humans may go extinct by the end of the decade.Their words
Many in the AI labs, including OpenAI, Anthropic and Google, earnestly believe that humans may all go extinct by the end of the decade.
10 September
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korrents.com
American labs leading is good because Chinese lab employees would be unable to warn the public about threats.Their words
This is why it's a good thing that American labs are in the lead. If Chinese labs were, their employees wouldn't be able to warn us about threats.
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Their words
Many frontier lab employees, especially at Anthropic, are out of touch and this will impact their forecasting and/or descriptions of current AI events.
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Their words
I'm sorry for employees who got equity issued at the $17B or $11B valuation - the dangers of too high valuations!
8 September
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korrents.com
Israel's actions in Gaza, the West Bank and Lebanon amount to ethnic cleansing and genocide.Their words
this is all about support for the ongoing Israeli campaign of ethnic cleansing and genocide, which continues with daily slaughter of civilians and demolitions of their homes and communities in Gaza, the West Bank, and now southern Lebanon.
6 September
5 September
3 September
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korrents.com
Large layoffs tend to push out the best employees, who quit for competitors or start their own companies.Their words
That’s the problem with large layoffs; they prompt precisely the best employees to quit to join competitors, or launch their own businesses.
2 September
31 August
- Mastodon
- NewsletterIssue 109 – Reg Crypto
29 August
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Their words
In the 70s and 80s, Japanese companies could get cheap plentiful bank loans to develop new products and explore new markets. Today, they can't. Innovation is downstream of finance.
26 August
25 August
21 August
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Their words
The debt dynamics work the same for a central government as they do for a person or a company, except that a central government has a central bank that can print money (which devalues it) and it can take money away from people via taxes.
20 August
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Their words
I would argue that AI's total addressable market, in the US, cannot be greater than $12.96 trillion, the total employee compensation in 2025
12 August
11 August
10 August
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Their words
Many startups are racing to create foundational world models, but I think the first ones to succeed will likely be the platforms in control of this data bank.
7 August
From one piece Max Hodak: Average Is Not Good Enough 2 beliefs, in the piece's order there
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Their words
And so we can distribute the voting across a lot of the company for this initial review, which is essential because if you're doing anything cool, by the time you get a couple years into it, that top of funnel is overwhelming. And if you place any in any small group of employees or any one person in the way as a bottle bottleneck on this, they will absolutely bottleneck the whole rest of the organization.
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korrents.com
Making a highly paid team wait a week to buy a tool at half price destroys far more value than it saves.Their words
then you also remember that you've hired some very highly paid and talented employees. And are you saying they can't get the tools that they need? That you're spending $100,000 a week. If you wait a week to get a power supply half off, you have certainly dwarfed any possible benefit from getting it.
31 July
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Their words
I think you need to ask the uh, the sort of converse of that, uh, what if you succeed? And you know, you raise money and you've customers and you've employees and a whole thing. Like are you going to be are you going to enjoy that? Are you going to want to work on that for 10 years, for 17 years, for 30 years?
17 July
2 June
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Their words
I think that you owe it to in that moral contract to your good employees to fire the weak people. And they're not bad people. They may be really smart. They are not effective in your organization. They are not taking hills.
15 May
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korrents.com
Waging political war on a central bank does not serve a president's own political interests.Their words
A war on the Fed has not served Trump's political interests and generally does not serve any president's interests.
1 May
25 January
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Their words
just think about a company with a thousand employees and 400 million in revenue or whatever. And um if they see a product that's, you know, $2 a month or even $100 a month, their thought is like, well, that can't be good enough. They're not mature enough. It's not going to do enough.
28 December 2025
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Lovedrcmnd.app
GhostmanTheir words
Ghostman by Roger Hobbs is a crime thriller about robbing a Malaysian bank and an Atlantic City casino. Riveting characters. A gut-punch of a story. I love a good heist, and this one is bristling with technical details that make you wonder whether the author has some secrets of his own.
18 November 2025
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Lovedaffiliate linkrcmnd.app
The EmployeesTheir words
Olga Ravn's The Employees (trans. by Martin Aitken) that takes the form of employee interview transcripts on a spaceship that has encountered bizarre alien life.
8 November 2025
10 October 2025
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Recommendsrcmnd.app
Odd LotsTheir words
For much more on that side of things, you should read Money Stuff or listen to Odd Lots, which cover “private credit is the new bank lending” all the time.
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Recommendsrcmnd.app
Money StuffTheir words
For much more on that side of things, you should read Money Stuff or listen to Odd Lots, which cover “private credit is the new bank lending” all the time.
30 September 2025
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Their words
Well, what we realized really early is that quantity of employees doesn't translate the quality of the product they produce. In many cases, it's the opposite. If you have too many people, they have to coordinate their efforts, constantly communicate, and 90% of their time will be spent on coordinating the small pieces of work they're responsible for between each other.
6 September 2025
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Likedrcmnd.app
Starling BankTheir words
Starling Bank is one of the big challenger banks here in the UK. The app is easy-to-use, and it automatically syncs my transactions into FreeAgent.
13 August 2025
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Their words
Almost all discussions of it center on “data”, but it’s actually a fight about payments, and whether banks have a right to monopolize and charge for all economic activity their users engage in, irrespective of whether the bank operates the payment method.
16 July 2025
From one piece The Jamie Dimon Interview: How JP Morgan Became an $800 Billion Bank 5 beliefs, in the piece's order there
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Their words
You know, in the banking business, the character the clients you have will reflect in your bank. So, the first thing is who you're doing business with, how you're doing business
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Their words
And the interest rate exposure was hidden by accounting. It was called held to maturity, where you don't have to mark even treasuries to market.
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Their words
But they they both had something something unique that we didn't know at the time. I'm going to call them concentrated deposits. Not uninsured cuz people are misstating that, concentrated.
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korrents.com
A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it.Their words
And so, I always look what I call the fat tails and manage that we can handle all the all the fat tails. And not the stress test the Fed gives us, but all the fat tails.
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Their words
So, you while we kind of saved the system a lot, we bailed a lot of people out, they made us pay 5 billion dollars on the more the bad mortgages that Bear Stearns had done. And that's what made me make the statement I wouldn't do it again.
28 May 2025
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Their words
You should not try to create a ladder that functions as a pure checklist or scorecard that guarantees promotion if people check enough boxes; promotions are as much about the needs of the organization as the skills of the employees.
5 March 2025
3 February 2025
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Their words
Code and data is hard, but ideas is easy. Silicon Valley operates on the way that top employees get bought out by other companies for a pay raise, and a large reason why these companies do this is to bring ideas with them.
17 December 2024
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Their words
You should ALWAYS have as few employees as possible. Always. Hiring more people should never be the first lever you reach for, it’s what you do after exhausting your other options.
3 December 2024
30 September 2024
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Likedaffiliate linkrcmnd.app
The Invention of Yesterday: A 50,000-Year History of Human Culture, Conflict, and ConnectionTheir words
The result is extremely engaging, and while I didn't particularly learn from it, I daresay most of the prospective audience will not, in fact, have read as widely in Ansary's sources as I happen to have done.
13 July 2024
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Their words
In a large, fast-growing company you'll probably never get to the utopian ideal of full pairwise trust between everyone-it takes too long to build.
18 April 2024
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Their words
Deleting the UPSs could knock off ~$750/kW after considering equipment, installation, and square footage reduction.
How to Make Off Grid Data Centers Affordableaustinvernon.site
26 March 2024
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Their words
Employees don't want what you want. Customers don't want what you want. Uh you know, that that one of the challenges of the whole stock option thing is entrepreneurs and founders think that other people will be as motivated by owning part of the company as they are. They are not. Not even close.
1 October 2023
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korrents.com
Interest rates have little effect on investment, and central banks have limited control over real interest rates.Their words
In the actual data, interest rates don’t seem to drive investment that much, and furthermore central bank influence over the real rate of interest typically is limited.
2 February 2023
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korrents.com
Foundations, on the whole, do not pay the maintainers of the projects they exist to support.Their words
Virtually all maintainers are either volunteers or full-time employees of large companies. Foundations on average don’t pay maintainers.
25 July 2022
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Their words, before
If you get a check during a pandemic, you’re not going to go out and spend it at restaurants and bars, because…well, there’s a pandemic. Instead, you’re more likely to stick it in the bank, pay down debt, or pay the back rent that you owe.
Their words now
I had some theory and some evidence on my side for this prediction, and yet I ended up being very wrong about what would happen to consumption.
1 June 2022
From one piece Fiscal Policy under Low Interest Rates 5 beliefs, in the piece's order there
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Their words
This is precisely the role the central bank can play. By announcing that it stands ready to buy the bonds that investors want to sell at the price associated with the low interest rate, and credibly indicating that it has deep enough pockets to buy whatever is needed, it can eliminate the bad equilibrium.
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Their words
Japanese macroeconomic policy is often characterized as a failure, with the central bank unable to achieve its inflation target, a low growth rate, and debt ratios steadily rising to reach more than 170% for net debt and 250% for gross debt. I think it should be seen instead as a qualified success, with the use of aggressive fiscal and monetary policies to compensate for very weak private demand: Output has remained close to potential.
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korrents.com
Low interest rates reflect underlying fundamental economic factors rather than central bank policy choices.Their words
In other words, central banks are not to blame for low rates: these low rates just reflect underlying fundamental factors.
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inflationinterest ratesgovernment
Their words
Governments have not been bailed out by their central banks. As I discussed earlier, central bank intervention does not reduce the overall liabilities of the consolidated government, just their composition. And it does not automatically lead to more inflation: It increases the size of the balance sheet of the central bank, but it does not increase the size of the non-interest-paying money stock.
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Their words
The proposition is that the cancellation of the bonds held by the central bank would decrease the amount of interest payments and thus the debt service of governments. And indeed, it would. But it would have another effect—namely, to decrease the revenues of the central bank and thus the profits that the central bank turns in to the government. This second effect would be exactly of the same size as the first, and the net effect on the government budget constraint would be equal to zero.
28 October 2020
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Likedaffiliate linkrcmnd.app
Rocket Surgery Made EasyTheir words
If you want to learn the basics of usability testing to improve your app or site without breaking the bank, this is the book to get. It's a quick read completely focused on getting you to actually do your own testing.
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Likedaffiliate linkrcmnd.app
BossypantsTheir words
Not only is Tina Fey a very funny writer, it's fascinating to have the opportunity to climb inside the head of a successful female leader. Reading the internal drama within Tina's head as she thought about whether she wanted a second child while considering how it would affect the 100+ employees that worked for her on 30 Rock was priceless. As a manager, it gives me an understanding and level of empathy I wouldn't have had otherwise.
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Likedaffiliate linkrcmnd.app
Work Rules!: Insights from Inside GoogleTheir words
If you're curious how Google built it's culture and the processes thanks to their extremely data & engineering driven nature, this is a great book. What held it back was being ~100 pages too long and Bock didn't always understand where what they did only fit at a $100Bn+, mega-profitable company. Still, the insights on the studies on their 50,000+ employees is well worth the read since so few of us can get similar statistical significance to apply to our teams.
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Likedaffiliate linkrcmnd.app
The Sales Acceleration Formula: Using Data, Technology, and Inbound Selling to go from $0 to $100 MillionTheir words
Selling is hard. Building a repeatable model with a team that you attempt to rapidly scale is even harder. Fortunately, Mark Roberge, who was one of the very first employees at HubSpot shares the processes and frameworks he used to build a sales machine. If you like the principles behind Lean Startups, then his data- and experiment-driven approach to sales will be very appealing.
28 May 2020
Nothing matches.
What is a korrent?
A korrent is a belief a person has stated in their own words: one sentence stating the claim, backed by a quote and a source, kept at korrents.com.
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