Too Clever by Half (2018)

Re:Too Clever by Half (2018) by throwawaymath on Thursday March 07, 2019 @08:23PM (#19334334)

Alright so I was following with the author for the longform introduction about coyotes and raccoons (although essentially all his criticisms of raccoons apply equally to cats, which he seems to like).

But then he lost me when he started making it a piece about finance gone awry. I don't really follow the point, can anyone walk me through his example more concisely? He's throwing in a lot here in struck out letters, which is part of the joke, but I think I'm missing the big picture.

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Re:Too Clever by Half (2018) by repsilat on Thursday March 07, 2019 @08:33PM (#19334396)

It's a markets/economics analysis blog that takes some pride in staking independent positions. (Charitably put.)

The segue to blockchain/MBS wasn't a non-sequitur, it was the eventual aim of the piece -- that smart people will invent, nasty people will ruin, smart people will be ruined and the state will intervene and grow in remit.

As for the strikethrough, it was to compare the causes of the GFC with the (at the time of writing more current) blockchain fad.

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Re:Too Clever by Half (2018) by throwawaymath on Thursday March 07, 2019 @09:15PM (#19334572)

Wow thank you, I think you nailed it. I see all of this now.

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Re:Too Clever by Half (2018) by thunderbong on Thursday March 07, 2019 @10:19PM (#19334825)

Thank you. Fantastic TLDR -

that smart people will invent, nasty people will ruin, smart people will be ruined and the state will intervene and grow in remit.

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