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His challenge is that he has to write about bond market liquidity as both an inside joke for the regular audience and as something comprehensible to a first time reader.

I do enjoy the compromise he's found.

The first part covered a bunch of stuff I hadn’t read from him before.

Sure he has some themes he keeps returning to (everything is securities fraud), but he keeps that fresh with new examples and different takes.

Thanks - I guess at that point there's a diminishing return and you've learned most of the ideas.

I'm still new to it so I feel like I'm learning a lot.

It's still good writing in the sense that it's interesting and engaging even as someone with relatively limited interest in the topic.