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> Also, how can people be that stupid? You have to know the truth will eventually come out? In an equities market defined by quarterly profit statements, "even
by lutusp 9y ago
> Also, how can people be that stupid? You have to know the truth will eventually come out?
In an equities market defined by quarterly profit statements, "eventually" is far enough away to be irrelevant. The reason this sort of thing happens again and again is because it works -- as the company disintegrates in a blizzard of accusations, the principals safely descend on golden parachutes.
- Applejinx 9y agoIn which case the danger becomes this: is that behavior sufficiently optimized that it's impractical to do anything else? There comes a point where the system compels everybody in it to pursue this strategy, or automatically be forced out.