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Technically it bought incredibly boring assets with too-long maturity dates. But yeah, blaming this on excess risk is a joke.
by bpodgursky 4y ago
Technically it bought incredibly boring assets with too-long maturity dates. But yeah, blaming this on excess risk is a joke.
- lotsofpulp 4y agoToo-long maturity is a risk, as indicated by the word “too”.
- PokedBear 4y ago"Risk" has mutliple dimensions. But by over-optimizing on one kind of risk they completely dropped the ball on other risks. They also whiffed on the kinds of risks that come from building a business based on the flywheel effects of a social network. Works great when times are good, but disastrous when tbe same effect works against you.