Engaging, and agree, although I did not have the same foresight.
(serious, but not too serious, : What’s your take on the WeWork guy?
Extradite him for fraud to El Salvador along with Bob Rubin?
Sounds like im being sarcastic, but being somewhat serious just a bit tongue in cheek….. and I like Latin America too much, a nice boring prison somewhere in upper Canada or Alaska might be more fitting.).
Not sure why you give a little bit of a pass to the Insurance CEO. I was under the impression that there had been reports (going back many years prior, did Malcolm Gladwell even write about it? ) that he spent a significant amount of his work time manufacturing complicated options enrichment strategies for himself….. although I can completely respect that it’s not a good look to condone murder or assassinations in a public forum)
Funnily enough, I kind of have a sympathy/have forgiven Neumann. He was just playing the free money game but his grift wasn't just nakedly scamming like the SPAC artists were in 2021, from here: https://www.maltliquidity.com/p/my-greater-predecessors
"Adam Neumann is the quintessential ZIRP-spawn. Pure human vaporware, and the precise reason you cannot imply zero-baseline societal risk. And yet, if you hear him talk, his conviction is what great oration truly is. He’s the highest paid speech-giver of all time. What was his sin here? He truly believed in improving the collective consciousness of the world, and he used the premise of the physical-metaphysical space to pitch a real-estate company in the vein of a disruptive tech company and scaled it to the point of going public. His idea got crushed by liquidity — theoretically, it could have worked, but practically, investors wouldn’t buy it. The most-photographed barn in the world was the real-estate play that we all remember as a tech company. Who lost, at the end of the day? Softbank? Employee equity paper gains? Compared to Elizabeth Holmes or Sam Bankman-Fried, people who will never acknowledge or confess their sins, I feel like Neumann’s sins are similar to mine, but more profitable."
My pity for the insurance CEO is that if you truly believe people should be shot in cold blood in Midtown manhattan for doing "what they were told to", you are expressing a desire to re-enact the collapse of the Soviet Union, which nobody should ever have to live through, and the people who think that it's even an option have no idea what they're talking about. Plus, Luigi's family was worth far, far more than what the CEO was, and had operated in decidedly sketchy manners as well to make their wealth. It's the wrong thing to attribute a narrative to, and unfortunately, that is what happened. Terrorism does work in this day and age, it has since the PATRIOT Act really.
We are all swimming in Dr. Richter's glass jar now:
"....This research, in many ways, builds on the work of late Johns Hopkins professor Curt Richter. In the 1950s, he conducted a gruesome experiment with domesticated and wild rats. He first took a dozen domesticated rats, put them into jars half-filled with water, and watched them drown. The idea was to measure the amount of time they swam before they gave up and went under. The first rat, Richter noted, swam around excitedly on the surface for a very short time, then dove to the bottom, where it began to swim around, nosing its way along the glass wall. It died two minutes later.
Two more of the 12 domesticated rats died in much the same way. But, interestingly, the nine remaining rats did not succumb nearly so readily; they swam for days before they eventually gave up and died.
Now came the wild rats, renowned for their swimming ability. The ones Richter used had been recently trapped and were fierce and aggressive. One by one, he dropped them into the water. And one by one, they surprised him: Within minutes of entering the water, all 34 died.
“What kills these rats?” he wondered. “Why do all of the fierce, aggressive, wild rats die promptly on immersion and only a small number of the similarly treated, tame, domesticated rats?”
The answer, in a word: hope.
“The situation of these rats scarcely seems one demanding fight or flight—it is rather one of hopelessness,” he wrote. “[T]he rats are in a situation against which they have no defense … they seem literally to ‘give up.’”
Richter then tweaked the experiment: He took other, similar rats and put them in the jar. Just before they were expected to die, however, he picked them up, held them a little while, and then put them back in the water. “In this way,” he wrote, “the rats quickly learn that the situation is not actually hopeless.”
This small interlude made a huge difference. The rats that experienced a brief reprieve swam much longer and lasted much longer than the rats that were left alone. They also recovered almost immediately. When the rats learned that they were not doomed, that the situation was not lost, that there might be a helping hand at the ready—in short, when they had a reason to keep swimming—they did. They did not give up, and they did not go under.
“After elimination of hopelessness,” wrote Richter, “the rats do not die.”
There are obviously many differences between humans and rats. But one similarity stands out: We all need a reason to keep swimming[/investing]."
Is there a moral to this delightful expire-ment? I see a multiplicity of morals, but I will not presume to interfere with the "100 Trillion Connections" among the neurons in another man's mind with my top-10 (one for each finger) list. If only Moses had been as humble as me. Of all the "images" we could of been made in, you'd think there must of been at least some gods about with a better portfolio of headshots?
Engaging, and agree, although I did not have the same foresight.
(serious, but not too serious, : What’s your take on the WeWork guy?
Extradite him for fraud to El Salvador along with Bob Rubin?
Sounds like im being sarcastic, but being somewhat serious just a bit tongue in cheek….. and I like Latin America too much, a nice boring prison somewhere in upper Canada or Alaska might be more fitting.).
Not sure why you give a little bit of a pass to the Insurance CEO. I was under the impression that there had been reports (going back many years prior, did Malcolm Gladwell even write about it? ) that he spent a significant amount of his work time manufacturing complicated options enrichment strategies for himself….. although I can completely respect that it’s not a good look to condone murder or assassinations in a public forum)
Funnily enough, I kind of have a sympathy/have forgiven Neumann. He was just playing the free money game but his grift wasn't just nakedly scamming like the SPAC artists were in 2021, from here: https://www.maltliquidity.com/p/my-greater-predecessors
"Adam Neumann is the quintessential ZIRP-spawn. Pure human vaporware, and the precise reason you cannot imply zero-baseline societal risk. And yet, if you hear him talk, his conviction is what great oration truly is. He’s the highest paid speech-giver of all time. What was his sin here? He truly believed in improving the collective consciousness of the world, and he used the premise of the physical-metaphysical space to pitch a real-estate company in the vein of a disruptive tech company and scaled it to the point of going public. His idea got crushed by liquidity — theoretically, it could have worked, but practically, investors wouldn’t buy it. The most-photographed barn in the world was the real-estate play that we all remember as a tech company. Who lost, at the end of the day? Softbank? Employee equity paper gains? Compared to Elizabeth Holmes or Sam Bankman-Fried, people who will never acknowledge or confess their sins, I feel like Neumann’s sins are similar to mine, but more profitable."
My pity for the insurance CEO is that if you truly believe people should be shot in cold blood in Midtown manhattan for doing "what they were told to", you are expressing a desire to re-enact the collapse of the Soviet Union, which nobody should ever have to live through, and the people who think that it's even an option have no idea what they're talking about. Plus, Luigi's family was worth far, far more than what the CEO was, and had operated in decidedly sketchy manners as well to make their wealth. It's the wrong thing to attribute a narrative to, and unfortunately, that is what happened. Terrorism does work in this day and age, it has since the PATRIOT Act really.
We are all swimming in Dr. Richter's glass jar now:
"....This research, in many ways, builds on the work of late Johns Hopkins professor Curt Richter. In the 1950s, he conducted a gruesome experiment with domesticated and wild rats. He first took a dozen domesticated rats, put them into jars half-filled with water, and watched them drown. The idea was to measure the amount of time they swam before they gave up and went under. The first rat, Richter noted, swam around excitedly on the surface for a very short time, then dove to the bottom, where it began to swim around, nosing its way along the glass wall. It died two minutes later.
Two more of the 12 domesticated rats died in much the same way. But, interestingly, the nine remaining rats did not succumb nearly so readily; they swam for days before they eventually gave up and died.
Now came the wild rats, renowned for their swimming ability. The ones Richter used had been recently trapped and were fierce and aggressive. One by one, he dropped them into the water. And one by one, they surprised him: Within minutes of entering the water, all 34 died.
“What kills these rats?” he wondered. “Why do all of the fierce, aggressive, wild rats die promptly on immersion and only a small number of the similarly treated, tame, domesticated rats?”
The answer, in a word: hope.
“The situation of these rats scarcely seems one demanding fight or flight—it is rather one of hopelessness,” he wrote. “[T]he rats are in a situation against which they have no defense … they seem literally to ‘give up.’”
Richter then tweaked the experiment: He took other, similar rats and put them in the jar. Just before they were expected to die, however, he picked them up, held them a little while, and then put them back in the water. “In this way,” he wrote, “the rats quickly learn that the situation is not actually hopeless.”
This small interlude made a huge difference. The rats that experienced a brief reprieve swam much longer and lasted much longer than the rats that were left alone. They also recovered almost immediately. When the rats learned that they were not doomed, that the situation was not lost, that there might be a helping hand at the ready—in short, when they had a reason to keep swimming—they did. They did not give up, and they did not go under.
“After elimination of hopelessness,” wrote Richter, “the rats do not die.”
There are obviously many differences between humans and rats. But one similarity stands out: We all need a reason to keep swimming[/investing]."
Is there a moral to this delightful expire-ment? I see a multiplicity of morals, but I will not presume to interfere with the "100 Trillion Connections" among the neurons in another man's mind with my top-10 (one for each finger) list. If only Moses had been as humble as me. Of all the "images" we could of been made in, you'd think there must of been at least some gods about with a better portfolio of headshots?