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i like the idea of reddit as a hubris-discovery mechanism
Any Wall St institution that can be broken by a spike in the price of some random stock surely deserves to be, no?
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FWIW everything (be it a company or an institution) that is so fragile deserves it.
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Agreed. "Become antifragile or die"
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@nntaleb surely agrees with you.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Perhaps, but the market is allergic to any sign of instability and if this can be done to the big guys by a large group of "nobodies" it undermines the entire idea of the big guys as knowing what they are doing and being the foundation of the market.
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Which is good
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Yes. Too fragile
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Nobody's going to shed a tear for hedge funds or short sellers.
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I’d tend to agree with that
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