Just about everyone that's worked in finance professionally gets it - netting, collateral calls etc all happen daily and instantaneously and have been for decad

Just about everyone that's worked in finance professionally gets it - netting, collateral calls etc all happen daily and instantaneously and have been for decades. Having worked in computational finance the entirety of my career, I still don't totally understand how this combination of Dunning-Kruger and Libertarian leanings somehow became a thing. The financial times while back had an interesting take: there's a structural reason why VC throws money at seemingly non-nonsensical ideas (Theranos, wireless charging etc) - many have a policy portfolio mandate to shoot for 100x returns and as such they will throw money at impossible things as part of their fiduciary duty. So, especially in the climate of free money, funding a slightly-better-widget-startup takes a backseat to things with lottery odds that may not make any sense at all.