birdwatcher (birdwatcher) wrote,
birdwatcher
birdwatcher

Левайн лучше всех

When JPMorgan’s whale drowned a lot of people asked “where were the regulators?” and that was a silly question, because the people with the most incentive and ability to keep the whale afloat were, in descending order, (1) the whale, (2) the whale’s bosses, (3) the whale’s bosses bosses, (4) the regulators, and (5) the people asking “where were the regulators?,” so if categories 1-3 missed the problem then there’s no reason to get all mad at category 4. “If X’s could do Y they wouldn’t be X’s” is an important tool to keep in your mental toolkit, and if regulators could distinguish good from bad trades they’d be at least risk managers and probably, like, Warren Buffett.
Subscribe

  • RT @damienmiller: “Rare video of distributed consensus algorithm at work"

    Bölgenin kısa özeti :) pic.twitter.com/wnkJj246RR— Nazgul Kenzhetay (@nazgulkenzhetay) May 9, 2021

  • Новости копирайта

    FBI Has Gained Access to Sci-Hub Founder’s Apple Account, Email Claims О, это я пропустил, чем Трамп занимался: In December 2019, the Washington…

  • Like (из мокума)

    В Новосибирской области в рамках отраслевой выставки прошли соревнования по скоростной копке могил. Участникам надо было выкопать яму 200 см в длину,…

  • Post a new comment

    Error

    default userpic
    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 0 comments