Template:Bold full stop: Difference between revisions

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All [[legal mark-up|Legal markup]] can be situated on a “utility continuum”, between deal-killing blockbusters whereby a [[legal eagle]] saves her client from certain ruin, at one end, and guileless frippery, at the other. The median point is, we need hardly say, a closer towards the fripperous, but if you venture a few standard deviations past that you approach an absolute theoretical minimum point, beyond which the utility of any [[legal mark-up]] is utterly nil. That final, infinitesimal point, past which the thinnest atomic strand of value can be no further reduced — the so-called “[[Biggs constant]]” — was first isolated in 1997 when, either by deliberate design or happy accident, a gentleman from the [[Inhouse legal team of the year|in-house team]] at a leading purveyor of institutional financial services found it while marking up a pricing supplement he had received by [[fax]]. Despite the Byzantine complexity of the document, his only comment was a direction to counsel to remove the bold formatting from a single [[full stop]]. This he communicated, also by [[fax]], at 2 in the morning. In the kind of irony that accompanies so many of the world’s most momentous occasions, it turned out that the full stop ''wasn’t'' bold but was an artefact from the low resolution of the [[Facsimile|fax machine]]'''.'''
Any [[legal mark-up|Legal markup]] can be situated somewhere on a “[[utility continuum]]”, between the deal-killing blockbuster, whereby a [[legal eagle]] saves her client from certain ruin, at one end, and guileless frippery, by dint of which she scrapes over her billable threshold for the month, at the other. The median point is, we need hardly say, nearer the fripperous end, but if you venture a few standard deviations past that, you approach an absolute ''theoretical'' minimum, beyond which the utility of any [[legal mark-up]] is utterly nil. That final, infinitesimal point, past which the thinnest atomic strand of half-hearted value can be no further reduced — the so-called “[[Biggs constant]]” — was first isolated in 1997 when, either by deliberate design or happy accident, a gentleman from the [[Inhouse legal team of the year|in-house team]] at a leading financial services institution found it while marking up a pricing supplement he had received by [[fax]]. From me. Despite the Byzantine complexity of the document, his only comment was a direction to his diligent counsel — yours truly — ''to remove the bold formatting from a [[full stop]]''. This he communicated, also by [[fax]], at 2:35 in the morning. In the kind of irony that accompanies so many of the world’s most momentous occasions, it turned out upon inspection that the [[full stop]] ''wasn’t'' bold in the first place, but was a printed artefact from the low resolution of the [[Facsimile|fax]]'''.'''