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A comment on Why Aren’t Rich People Happy With the Money They Have?. Parent comment

Re:Why Aren’t Rich People Happy With the Money They Have? by Retric on Monday December 10, 2018 @05:25AM (#18646742)
No, it clearly demonstrates that these employees where not creating that much value at the firm.

Progressive betting strategies for example can appear to work in the short term, but anyone executing them is destroying value.

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Re:Why Aren’t Rich People Happy With the Money They Have? by hueving on Monday December 10, 2018 @04:30PM (#18651315)
Janitors were providing value whether or not Bear's long exposure to MBSs were too large.

The same applies to traders, etc.

My dentist fixing my toothache still provided value to me even if I die of a massive heart attack in two months.

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Re:Why Aren’t Rich People Happy With the Money They Have? by Retric on Monday December 10, 2018 @06:09PM (#18651924)
If you sum up all work by everyone at Bear over the companies last year, they created negative value. Some lost far more money than others, but Traders as a group where not a net money maker.

Really, the company did not die in "100 hours." People just noticed it was already dead.

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