Haters
Life is tough.Wear a cup.1
Big events allow huge money to change hands and that often brings public whinings and floggings. Many critics pose meaning of life questions when one group loses dramatically in public to another group. Their caring is heartfelt. They ask the virtuous questions:
1. What do these events tell us about our society?
2. Are these financial losses the dark side of all the benefits of financial derivatives?
3. Should we change the way we do things?
4. Should the society accept these financial losses as part of the “survival of the fittest” in the world of business?
5. Should legislation be used to avoid these events?2
These questions are designed to absolve the guilt of market losers for their bad strategy. A free market ...
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