Patrick McKenzie Profile picture
Feb 14 17 tweets 3 min read Read on X
Friendly neighborhood Dangerous Professional advice:

If you are ever at a meeting taking notes, and someone at the meeting expresses umbrage that notes are being taken of the meeting, and this is routine notetaking for this genre of meeting, …
… you should absolutely want to keep physical control of those notes, and you should prioritize that over social pressure you may perceive, and you should update very aggressively against the umbrage-taker as being likely up to no good.
You should also, immediately after the meeting, document the fact that you were taking notes at a meeting and asked to stop, and that you felt in that moment this ask was extraordinary.
You can keep that in your files, or you can email it to your boss as an FYI, but you want that time stamped and you want the fact of it having happened to be institutionally undeniable.
This thread is invariably going to be read as a subtweet of shenanigans happening in New York. It is. It is also sincere advice from someone who, once in a long career, was told to not take notes, in a circumstance notes were always taken.
Immediately after the meeting I hand wrote a transcript from memory. I cannot tell you anything else, for obvious reasons, but I regret absolutely nothing about that decision.
“Is the transcript going to be seen as authoritative?”

Dangerous Professional observes that memories are such fragile things but if there is only one contemporaneously produced transcript to choose from well.
Dangerous Professional: Sorry Stringer Bell, I am definitely not a member of a criminal conspiracy.
“Hand wrote?”

So that a keyword search of my laptop/etc would not have turned up the notes.

Yep, you are indeed perceiving an implication as to how worried I was.

Still here! Feels like a Tom Clancy novel in the moment, resolves as farce, as these things *sometimes* do.
Relatedly, while I think companies have legitimate concerns about confidential information ending up on systems they do not control, I have been known from time to time to keep a diary. Always mean to do more of it but you know, it’s like going to the gym.

I use Day One; YMMV.
Now let me make two observations:

1) You can choose to start keeping or resume keeping a diary on any given Tuesday. Not even a little bit odd!

2) Dear diary,

I had a funny dream about my mother. Dinner today was great. Weirdest thing happened at work though: …
Three years later “Oh yes I do have contemporaneous written record of events. You see, I keep a diary. On the entry for the day in question…”
Some people find writing diary entries to be a bit of a drag and so one thing I have experimented with is e.g. a 1-5 minute video entry which is exactly as easy to produce as any other video on an iPhone and exactly as timestamped as a regular written diary. So pleasant.
Also while you might feel a little weird about putting “(this made me uncomfortable)” in notes seen by your coworkers well who could possibly object to you confessing your emotional state to your diary in a way only ever seen if you want it to be.
Will have to write my Dangerous Professional post someday soon; keeps being too relevant in too many ways to life.

Anyhow, final observation.

"Will this be seen as disingenuous by e.g. law enforcement/courts/etc reviewing conduct later?"

Hello fellow Dangerous Professionals.
Of course they know why you're doing it. They have their own files and their own memos and their own calendars and their own...

And when they see you doing it, they don't think "Up to know good." They think "That person: useful friend or in alternative risky to mess with."
*no good

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More from @patio11

Feb 10
Since the printing press, it was injurious to reputations to have something untrue said at scale.

We should have adopted more care about this after it became habit in society to Google someone's name and Google started weighting institutions highly.

The opposite happened.
And now we're standing on the precipice of another revolution in user behavior caused by a technological substrate almost unimaginable earlier: there will be a presumptively authoritative answerer of almost every question, in almost every pocket, and many places besides.
It behooves us as individuals to care what that alien mind thinks about us, because it is going to be consulted actively and passively even more than Google is.

And it behooves us, as society, to exercise some care in what we put into the training set.
Read 9 tweets
Feb 6
Per CoinDesk (and thanks @Bitfinexed):

Lutnik, to Senate: “Cantor Fitzgerald is not conducting continuous diligence on Tether’s financial statements, but I believe my [much stronger endorsement] statements were accurate when made."

Was wondering when walk-back would happen.
Lutnik, who was the CEO of Cantor prior to more recent adventures, previously attempted to dispel long-time doubts about Tether's... everything by vouching for them.

At the time, the open ended nature of the vouching struck me as out of the ordinary.

Oh, CoinDesk reporting on the hearing:

coindesk.com/policy/2025/02…
Read 8 tweets
Jan 30
Robinhood talks a good game about democratizing access to investing but product- and marketing wise runs a casino that is licensed as a broker/dealer.
PDT stands for “pattern day trading” and the PDT rules were imposed after the Dot Com bubble to decrease risk to both small-dollar retail users and the brokerages that accept their business from day trading.
PDT only applies to accounts with less than $25k of capital, i.e. smallest retail traders. You get a mark every time you have trades in two directions in same symbol in a day. Buy and sell Microsoft on same day, for example, one mark.
Read 7 tweets
Jan 27
Well looks like I ended up with more relatable transpacific banking influencer content.

You either know if you’re in or you’re out for the rest of this thread.

It begins with the balance of one of my Japanese accounts suddenly going to zero, and me calling the bank.
Bank CS: *We do the KYC dance.* Oh really sorry McKenzie-sama but uh this is not an issue that this office can help you out over the phone. Monday morning please call your branch.
Me: Could you hum a few bars please.
Bank CS: I regret I cannot.
Me: To put my mind at ease prior
… to that call, can the bank confirm that it knows the source of the withdrawal? For example, was it the bank?
Bank CS: I believe I can confirm the bank is extremely aware of the source of the withdrawal. I regret that…
Me: Nope totally understood I’ll call the branch. Thanks.
Read 30 tweets
Jan 24
One of the reasons why PDF files that purport to be bank statements are believed to be reliable is that all serious adults understand that if you *$#(%( with one for advantage over a counterparty, you will be prosecuted, with very high probability.

See linked thread.
A thing you'll often read in narratives of frauds (Lying for Money has several, and it is a rich genre in the bookstore of your choice) is that the fraudsters don't start out, on day one, doing this.

But after you've done something like that... you're done. Discovery is basically inevitable. Once discovered, at least one party to the fraud keeps extremely good records, which will be viewed as dispositive.
Read 15 tweets
Jan 23
The Sort, tech industry hiring edition:

If you can have a sensible conversation with an engineer about their work, capitalism says you’re eligible for forty jobs that pay better than being a recruiter.

Solve for equilibrium, as they say.
Why does the industry keep stepping on this rake? In part because if *has tried* to get engineers / EMs to sit down with a pack of resumes or LinkedIn profiles and sift through to find the highest priority candidates.

The first day you ask you’ll get takers. The second less.
And the third day, the third day you decide “You know, this sure would be a lot better attended if we had some junior employees who’d feel lucky to work here, and who would diligently cook eggs to order if we asked them to.”
Read 9 tweets

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