Paul Davies @PaulJDavies
Global Banking at Bloomberg Opinion. Ex-WSJ and FT. Why, why, why, why, why? Opinions mine, "likes" are often bookmarks, RTs don't mean I agree. bloomberg.com/opinion Slightly off centre Joined January 2012-
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Not now H5N1 bird flu 😷
The body is *electric*. Rolling into Brighton to spend the day in a pub with an old friend open.spotify.com/track/1pTrszH1…
I spent a week as a Deliveroo rider. And learnt a lot. First up, Deliveroo likes to claim you should earn at least the minimum wage of £11.44 while working. Me? I worked for 22hrs 50mins, rode 105 miles, did 27 drop offs and earned £120.38. That works out at £5.28 an hour🧵
Tune’s a banger. Took me a few listens to realise it’s about *that* Meghan. m.youtube.com/watch?v=FRbpWE…
Good stuff from @ghose77 >> OPINION – Goldman is back but with Jane Street snapping at its heels ifre.com/story/4541532/…
The big three European banks all talked up their market share gains in parts of investment banking and trading yesterday. Bloomberg Intelligence says:
This is odd... What's the difference between a group of investors jointly owning a private enterprise directly and the same investors owning the same company in a single-asset continuation fund? Is it literally only the tax treatment of profits for owners and managers?
This is odd... What's the difference between a group of investors jointly owning a private enterprise directly and the same investors owning the same company in a single-asset continuation fund? Is it literally only the tax treatment of profits for owners and managers?
A continuation fund to hold a single company...>> Banks including Morgan Stanley and Goldman Sachs are lining up nearly $1.1 billion of debt financing that will allow buyout shop CVC to hold on to Multiversity bloomberg.com/news/articles/… via @markets
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Not now H5N1 bird flu 😷
1/ Here in my latest @opinion column I look at what steps should be taken to minimize the risk of #H5N1 becoming a human pandemic. @LauraKahn1 of One Health says test test and test - focusing on dairy workers. bloomberg.com/opinion/articl…
@PaulJDavies @dsquareddigest Thanks for this. Just been reading the sample and am hooked. Will order. I have seen similar ideas in the past tho? I recall The Abilene Paradox for example. And more recently ‘lack of deliberation’ (which is another way of describing an accountability sink?) is important
@PaulJDavies @dsquareddigest I guessed that. Just funning.
Who is bankrolling the Jewish Chronicle - and why is the funding so mysterious? How is BBC Board member and JC "owner" Robbie Gibb not conflicted? Some vitally important questions on media ownership and influence from @arusbridger prospectmagazine.co.uk/ideas/media/65…
amazing thread review! thank you so much Paul
“Any system which is set up to maximise a single objective has the potential to go bonkers.” This is the big theme of @dsquareddigest's book The Unaccountability Machine. It’s an excellent read. I highly recommend it.
@PaulJDavies @dsquareddigest Sounds great, thanks, just bought a copy
Very funny piece by @j_amesmarriott on podcasts today thetimes.co.uk/article/6378c7…
It works then
Now that snipers are trained on peaceful students and professors are being hog-tied by masked men with assault rifles, it'd be great to hear from all the people who made "free speech on US campuses" their life's mission every time they met a student with blue hair.
@PaulJDavies @dsquareddigest In a typical model, that’s all lumped together. I don’t follow the cutting edge of this research so much; there may be people working on that as a separate thing.
@PaulJDavies @dsquareddigest You end up with a set of plausible outputs with a probability distribution. Temperature=0 means always picking the most likely output. Higher temperature samples from that distribution, but the higher-probability outputs are still more likely.
Imagine supporting this while also claiming that the current account deficit is too wide...
NEW: Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar, sources tell me, @nancook + @JenniferJJacobs Penalties being discussed: export controls, currency manipulation charges and tariffs bloomberg.com/news/articles/…
@PaulJDavies I guess the actual answer I should be giving here is "nothing is to be gained by trying to open the black box"
@PaulJDavies you might be right, I'm not sure about this at all; it isn't clear at all from the book whether the empty box is a coincidence or something that couldn't exist
@PaulJDavies ... is hard to predict because it's so complex, not because anything really random or probabilistic is happening. I *think* it should be top right
@PaulJDavies I called him "Stafford" in the book a lot but the editor changed it back.