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{{a|devil|{{image|petard|jpg|Archegos risk management yesterday.}}}}{{ | {{a|devil|{{image|petard bomb|jpg|Archegos risk management yesterday.}}}}{{quote| | ||
Let it work, <br>For ’tis the sport to have the enginer <br>Hoist with his own petard; and ’t shall go hard <br>But I will delve one yard below their mines <br>And blow them at the moon. | |||
::—''Hamlet'', III, iv }} | |||
Hence, ''to be hoist by one’s own ~'': to blow oneself up. Something that financial institutions are periodically prone. | {{dpn|/pɛˈtɑːd/|n|}}A small bomb, comprising a box filled with powder, used to blast down a door or to make a hole in a wall. A squib; a firecracker. (''From the French pétard''). | ||
Hence, ''to be hoist''<ref>Note: “hoist” here means to be thrown into the air, rather than raised by some kind of winch.</ref> ''by one’s own ~'': to blow oneself up. Something that financial institutions are periodically prone: if a little bomb goes off on your balance-sheeet will frighten the bejesus out of the financial analyst community and may cause a bank run. | |||
{{sa}} | {{sa}} | ||
*[[Lucky]] | *[[Lucky]] | ||
*The first rule of [[Systemic Solvency Club]] | *The first rule of [[Systemic Solvency Club]] | ||
{{Ref}} | |||
Latest revision as of 12:35, 3 April 2023
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Let it work,
For ’tis the sport to have the enginer
Hoist with his own petard; and ’t shall go hard
But I will delve one yard below their mines
And blow them at the moon.
- —Hamlet, III, iv
Petard
/pɛˈtɑːd/ (n.)
A small bomb, comprising a box filled with powder, used to blast down a door or to make a hole in a wall. A squib; a firecracker. (From the French pétard).
Hence, to be hoist[1] by one’s own ~: to blow oneself up. Something that financial institutions are periodically prone: if a little bomb goes off on your balance-sheeet will frighten the bejesus out of the financial analyst community and may cause a bank run.
See also
- Lucky
- The first rule of Systemic Solvency Club
References
- ↑ Note: “hoist” here means to be thrown into the air, rather than raised by some kind of winch.