Nowhere have I seen the "well that looks weird...but they probably know what they are doing" expression used more than in finance. I have been through it mysel

Nowhere have I seen the "well that looks weird...but they probably know what they are doing" expression used more than in finance. I have been through it myself more times than I care to mention. Everyone assumes that the other person has some knowledge they don't know about or has some secret "edge"...they never do. Amd after ten years or so, I learned that people do weird things for one simple reason: they are fucking stupid. That is it. They won't learn from mistakes. They are overconfident. They are greedy. Intelligence doesn't matter. Money doesn't matter. Whatever, they are just incurably dumb. And btw: organisations are never well optimised for stuff that matters. Finance is the prime example of this. If I wanted to set fire to $100bn, I would do exactly what SoftBank are doing right now. I know that everyone here believes in technology and continuing progress into infinity. This is true in some areas, it is not true in finance.