Context is very important because otherwise you can't claim that the money could've been feasibly spent better and can't even distinguish between loss from gros

Context is very important because otherwise you can't claim that the money could've been feasibly spent better and can't even distinguish between loss from gross incompetence or just normal fluctuations. The Norwegian Govt Pension Fund manages $1 trillion of assets. It's value is likely to fluctuate by billions each day. Would you level the same accusations against them? Size matters tremendously for these things.