I read a great piece recently that argued that the people who rise up in banks are the ones who don’t have big losses. The trouble with that is, it comes to everyone eventually, so by going that long without big losses in a culture of taking big risks, the seirousness of bets increase as bankers move up the ladder.
So when a Bank Boss’s big loss comes, as it eventually must to all gamblers, it comes to them not early on, when it’s harmless, but later, when it takes lots of others down with it.
HAHAHA, awesome! U doin good job
Hahaha I know people who actually do this, “O no the stocks I bought are dropping, I better sell them RIGHT AWAY”
I read a great piece recently that argued that the people who rise up in banks are the ones who don’t have big losses. The trouble with that is, it comes to everyone eventually, so by going that long without big losses in a culture of taking big risks, the seirousness of bets increase as bankers move up the ladder.
So when a Bank Boss’s big loss comes, as it eventually must to all gamblers, it comes to them not early on, when it’s harmless, but later, when it takes lots of others down with it.
Anyway, nice work. totally true.