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What? Barclays is one of the largest financial institutions in the world with $1.9tn in assets. I think we're in agreement that this Twitter thing isn't worth

by kolbe 5y ago

What? Barclays is one of the largest financial institutions in the world with $1.9tn in assets. I think we're in agreement that this Twitter thing isn't worth the attention, but we are far from agreeing that large financial institutions are inherently competent because they're large.

hedora 5y ago
I was literally wondering what would happen. ETFs are supposed to be algorithmically traded right? There's a race condition between the poison pill being instated and the ETF updating their strategy. I wonder if a board could maliciously take advantage of that somehow.
- heartbreak 5y ago
  ETFs generally aren’t managed without human involvement, and this poison pill isn’t software either. You’re taking concepts that exist in worlds like Ethereum and applying it to normal finance. That’s not how it works.
rosndo 5y ago
> but we are far from agreeing that large financial institutions are inherently competent because they're large. I don’t see anyone making that argument. Speculating on an ETF “accidentally” acquiring more than 15% of Twitter implies a whole different level of incompetence than a big ETF ever fucking up big.
- kolbe 5y ago
  > Seriously, do you think funds playing with the kind of money to buy 15% of twitter often make careless purchases? - You
  - rosndo 5y ago
    - kolbe 5y ago
      Good luck with that perspective in life. I'll stick with writing clearly. You stick with writing poorly and flipping out whenever people misunderstand your intentions.
      - dang 5y ago
        You broke the site guidelines badly in this thread. Please don't do that, regardless of how bad another comment is or you feel it is. We ban accounts that do that because it's so destructive of what this site is supposed to be for. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
    - dang 5y ago
      Could you please stop breaking the site guidelines, regardless of how bad another comment is or you feel it is? You've been doing it a lot, unfortunately, and we've already warned you several times. If it keeps up we're going to end up having to ban you. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
      - rosndo 5y ago
        What’s the problem with my comment? The word “fuck”? The fact that the other commenter got offended because I pointed out their very real struggles with reading comprehension? I did not call kolbes comments bad, but patiently explained where they got it wrong. I think you’re seeing fighting where there’s none, at least not on my side.
        dang 5y ago
        For starters, "Yeah, I’m sorry that you can’t understand English" was obviously an egregious violation of the site guidelines. We don't care about people saying "fuck". We care about the things that are in the guidelines, such as being kind, not being snarky, not calling names, and so on. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

by kolbe 5y ago

hedora 5y ago

I was literally wondering what would happen. ETFs are supposed to be algorithmically traded right? There's a race condition between the poison pill being instated and the ETF updating their strategy. I wonder if a board could maliciously take advantage of that somehow.

heartbreak 5y ago
ETFs generally aren’t managed without human involvement, and this poison pill isn’t software either. You’re taking concepts that exist in worlds like Ethereum and applying it to normal finance. That’s not how it works.

rosndo 5y ago

> but we are far from agreeing that large financial institutions are inherently competent because they're large. I don’t see anyone making that argument. Speculating on an ETF “accidentally” acquiring more than 15% of Twitter implies a whole different level of incompetence than a big ETF ever fucking up big.

kolbe 5y ago
> Seriously, do you think funds playing with the kind of money to buy 15% of twitter often make careless purchases? - You
- rosndo 5y ago
  - kolbe 5y ago
    Good luck with that perspective in life. I'll stick with writing clearly. You stick with writing poorly and flipping out whenever people misunderstand your intentions.
    - dang 5y ago
      You broke the site guidelines badly in this thread. Please don't do that, regardless of how bad another comment is or you feel it is. We ban accounts that do that because it's so destructive of what this site is supposed to be for. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
  - dang 5y ago
    Could you please stop breaking the site guidelines, regardless of how bad another comment is or you feel it is? You've been doing it a lot, unfortunately, and we've already warned you several times. If it keeps up we're going to end up having to ban you. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
    - rosndo 5y ago
      What’s the problem with my comment? The word “fuck”? The fact that the other commenter got offended because I pointed out their very real struggles with reading comprehension? I did not call kolbes comments bad, but patiently explained where they got it wrong. I think you’re seeing fighting where there’s none, at least not on my side.
      - dang 5y ago
        For starters, "Yeah, I’m sorry that you can’t understand English" was obviously an egregious violation of the site guidelines. We don't care about people saying "fuck". We care about the things that are in the guidelines, such as being kind, not being snarky, not calling names, and so on. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html