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Hyperbolic comparisons like these are very off-putting for me too, but I see them everywhere, presumably "for effect". The effect in this instance is that I sto
by mtarnovan 9y ago
Hyperbolic comparisons like these are very off-putting for me too, but I see them everywhere, presumably "for effect". The effect in this instance is that I stopped reading.
- emodendroket 9y agoI'd saying having the yearly GDP of Bulgaria as AUM is still pretty impressive. And the point is more to contextualize. It's hard when you get past the millions to understand exactly how much we're talking about.
- smallnamespace 9y agoIt's a bit odd though because I doubt the majority of readers will have any direct experience with Bulgaria to put it in context. It's like trying to explain X in terms of Y, when Y is equally unfamiliar.
- emodendroket 9y ago"The yearly GDP of a sovereign nation, albeit a relatively small and poor one" is a lot more meaningful than $50b without context, I'd think.
- orbifold 9y agoIt is 1/4th of Toyota's or Volkswagen's revenue of one year, so not that much. And last time I checked they did not create a game for recruiting tech talent either.
- emodendroket 9y agoOh, only a quarter of the yearly revenue of the world's fifth-largest company by revenue, or the second-largest if we exclude state-run enterprises (c.f. https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue https://en.wikipedia.org/wiki/List_of_largest_companies_by_r...). Alright then.
- barrkel 9y agoStill stock vs flow.
- emodendroket 9y agoSo what? I'm not trying to claim they're bigger than Bulgaria. If somebody compared the distance traveled by some object to the length of a football field, you could similarly object that the football field is stationary, the object isn't as long as that, etc., but none of those things are the point of the comparison, right?
- philipwhiuk 9y agoNot really: https://www.nbim.no/en/ https://www.nbim.no/en/
- emodendroket 9y agoI mean, if your reference point is a state fund run by the government of an OECD country I suppose it's not that big.
- hkon 9y agoThat is being overly sensitive.