Despite having access to an astounding number of great and detailed dharma books, I found that they left out lots of details that turned out to be very important. I learned the hard way that using conceptual frameworks that were too idealistic or that were not fully explained could be as bad as using none at all. Further, I found out that much of the theory about progress contained ideals and myths that simply did not hold up to reality testing, as much as I wanted them to.
--Daniel M. Ingram
Corporate vs Treasury Debt Duration
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From 2008 through 2022, the 10-year Treasury yield was never above
3.25%; it spent nearly all of 2019–21 under 2%, while the 30-year bottomed
at ~1% ...
4 days ago

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