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In the hedge fund world there is a mindset that if you're going to fail, you must fail BIG (without breaking the law). Then you get a sort of undeserved glamor
by hnracer 6y ago
In the hedge fund world there is a mindset that if you're going to fail, you must fail BIG (without breaking the law). Then you get a sort of undeserved glamor associated with the failure that can actually lead to new opportunities. For example, the case of Brian Hunter, if he failed small he would've been long forgotten.
- xenihn 6y agoSounds like WSB.
- hnracer 6y agoI think it's a pretty universal phenomenon. You want to be either outstandingly good (best outcome) or extremely offensive (second best outcome). Just don't be another drone that is indistinguishable from the million of other drones, that only leads to being forgotten.