[archon]

I just wanted to thank you for this. This is the most succinct and easy-to-understand-for-non-investors explanation of the concept I've seen and now I think I finally understand it.

[mabbo]

I learned all of this (and so much more) from Matt Levine's "Money Stuff" newsletter. I cannot recommend it enough.

[jsmeaton]

It wasn't immediately obvious to me how to sign up without buying a subscription, but https://twitter.com/matt_levine/status/994296126055608320?s=... provides a link to do just that.

I've read a few articles here and there but this was the motivation I needed to properly subscribe.