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Reports of our death are an exaggeration: Difference between revisions
Reports of our death are an exaggeration (view source)
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The age of the machines — our complacent faith in them — has made the situation worse. Machines will conspire to ignore “human magic”, when offered, especially when it says “this is not right”. | The age of the machines — our complacent faith in them — has made the situation worse. Machines will conspire to ignore “human magic”, when offered, especially when it says “this is not right”. | ||
That kind of magic was woven by [[ | That kind of magic was woven by [[Bethany MacLean]]. [[Collateralised debt obligation|Michael Burry]]. [[Harry Markopolos]]. [[Wirecard|Dan McCrum]]. The formalist system systematically ignored them, fired them, tried to put them in prison. | ||
The difference between excellent banks and hopeless ones: the transparent ''informal'' networks by which a good institution mysteriously ''avoids'' landmines, pitfalls and ambushes, while a poor one walks into every one. | The difference between excellent banks and hopeless ones: the transparent ''informal'' networks by which a good institution mysteriously ''avoids'' landmines, pitfalls and ambushes, while a poor one walks into every one. | ||