Today I saw a few digital-asset regulatory updates marked “Latest.” I went back to the source and checked again: the file submission date was last Friday, the committee’s vote was three days ago, and the chairperson’s post was the day before.
After the same matter has changed hands six times, the timestamp is already gone.
The most expensive lesson of these years was never mishandled in the judgment—it all fell apart because the underlying basis was too weak.
Market-data software quotes update on a millisecond level, while traders’ decision-making cycles are measured in years. Between the two, there shouldn’t be a third information source wedged in: those retellings that have no timestamp—only conclusions.
There’s a line in an old notebook on my desk. I’ll copy it here: First look at the time, then look at the content.
After the same matter has changed hands six times, the timestamp is already gone.
The most expensive lesson of these years was never mishandled in the judgment—it all fell apart because the underlying basis was too weak.
Market-data software quotes update on a millisecond level, while traders’ decision-making cycles are measured in years. Between the two, there shouldn’t be a third information source wedged in: those retellings that have no timestamp—only conclusions.
There’s a line in an old notebook on my desk. I’ll copy it here: First look at the time, then look at the content.
