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Are you saying that too big to succeed will solve too big to fail? "A state government wants to borrow $800 million in bonds for a new arena" ... Arenas are a
by chisleu 12y ago
Are you saying that too big to succeed will solve too big to fail?
"A state government wants to borrow $800 million in bonds for a new arena" ... Arenas are a curse on the population. ( http://www.theatlantic.com/business/archive/2012/09/if-you-build-it-they-might-not-come-the-risky-economics-of-sports-stadiums/260900/ http://www.theatlantic.com/business/archive/2012/09/if-you-b... )
"A major pension plan serving 100,000 retirees needs their 100 billion dollars in assets to be managed responsibly, can a 24 year old Stanford grad manage that?"
If the tech start ups change the game, do you think the pensioners are going to trust their money with a kid? no... Do you think the Wall Street talent is going to disappear just because the reviled industry they worked in changed? I don't think so.
I for one welcome the change. The industry is a bit of a mess right now.