tag:blogger.com,1999:blog-3764912039741974037.post6369454899784965278..comments2024-03-10T06:35:25.018-04:00Comments on Expect[ed] Loss: Complexity is a Cash Cow (but not for you)PF2http://www.blogger.com/profile/13893025381406343985noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3764912039741974037.post-7865119973027894842011-09-01T12:37:12.187-04:002011-09-01T12:37:12.187-04:00Also not the easiest to find other players so you ...Also not the easiest to find other players so you can have standing in court. Each player is immaterial - perhaps the cynics will say the banks were careful to ensure they spreAd the risk among disconnected participants from Germany to Asia to native American tribesRatersnoreply@blogger.comtag:blogger.com,1999:blog-3764912039741974037.post-56512898083770194012011-09-01T12:12:04.745-04:002011-09-01T12:12:04.745-04:00This comment has been removed by a blog administrator.WoodenWheelnoreply@blogger.comtag:blogger.com,1999:blog-3764912039741974037.post-51624936143352558832011-09-01T07:17:13.542-04:002011-09-01T07:17:13.542-04:00You have a treshold of complexity where the rule o...You have a treshold of complexity where the rule of law is left behind. The easiest test is to ask "how much will it cost me to audit whether the return I get from the investment is precisely what I contracted for?". If you have to answer that question with "no idea", you will have a contract that is de facto outside the rule of law.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3764912039741974037.post-26944787752985034942011-08-29T12:25:25.630-04:002011-08-29T12:25:25.630-04:00I would actually argue that corporations acting in...I would actually argue that corporations acting in the best interest of their management rather than that of the shareholders is a fairly common failure mode.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3764912039741974037.post-563662871854373612011-08-29T12:23:01.225-04:002011-08-29T12:23:01.225-04:00Sure, the spirit of the RULE OF LAW went down the ...Sure, the spirit of the RULE OF LAW went down the toilet a while ago. It is very difficult to get back to the path of justice.<br />http://scare2012.blogspot.com/Linushttps://www.blogger.com/profile/08926131704503987822noreply@blogger.comtag:blogger.com,1999:blog-3764912039741974037.post-68378435482595075982011-08-24T09:48:07.865-04:002011-08-24T09:48:07.865-04:00You can add to that the difficulty finding the doc...You can add to that the difficulty finding the documents necessary to sue them for their misconductAnonymousnoreply@blogger.com