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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (169548)3/16/2021 1:10:45 PM
From: sense  Read Replies (1) | Respond to of 218860
 
Two answers...

First on the morality of choice...

You are what you think you are. But, for some, life is a lot easier if you try to not think about it ?

"The rules" of polite (or not) society vary from place to place. If you haven't thought about it and internalized your own set of rules, but adopt whatever rules others will accept... "what happens in Vegas, stays in Vegas"... is enough to induce lots of misbehavior that might (wrongly) be excused as "out of character". Blame it on ??

I think those that are the most surprised by it, and themselves, are often those who have never experienced it before... but just assumed "the rules" were a part of them... and not an externality. So, travel is broadening... including of STD exposure. Same issue as lines between self and society we discussed recently re the Ayn Rand debate... some are more deliberate in awareness, and about choices made than others. Parents often limit instruction to kids to the personal limits as: "if Johnny jumped off a bridge..." Should we be surprised that most people follow the herd without thinking ?

Lots of people use alcohol as shortcut to that free pass in the changed rules that apply as "I was drunk" is also generally accepted as an explanation, if not an excuse, for misbehavior. I taught the kids that the influence you feel... is not a license... it being true that others might seek or accept that excuse... is not a reason for you to lie to yourself about it being something other than you making your choices. So, be careful what you think you are.

Second, on the morality of bankers...

Given it is the "trust" industry ? The one thing you should trust... is that knowledge prevents surprise.

In that context, it is still a wonder that bankers were so surprised, in 2008, to learn that other bankers were cheating just as much as they were... and none of them were, in fact, worthy of trust ? They went to bed in the safety of a New York penthouse... but woke up in a brothel in Hong Kong ?

The culture on Wall Street is famous for that, of course... which is why we used to prevent traders ever being allowed off the floor of the exchange... and certainly never allowed them into the banks boardrooms.

But, in context, perhaps that makes more sense out of this: N.Y. deploys "micro-cluster strategy" to target coronavirus "block by block" Quoting Cuomo: "We actually have data so specific that we can't show it because it could violate privacy conditions, but we know exactly where the cases are coming from."

Worth considering in that context, even if an impact incidental to the drivers behind the decision:
JPMorgan Reportedly Moving Thousands Of Well-Paid Jobs Out Of New York City—This Does Not Bode Well For Workers On Wall Street A non-charitable view of that... would be that the dis-aggregation should be healthy for the company, even unintentionally, while helping the aggregate and the core group to maintain a sharper focus on who it is they're supposed to be screwing.