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The dog in the night time: Difference between revisions
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====Disbelief-suspenders==== | ====Disbelief-suspenders==== | ||
*'''Over-reliance on regulators''': we imagine regulators/rating agencies are better resourced, more powerful and more talented than they are. - assumed the SEC was doing its job | *'''Over-reliance on regulators''': we imagine regulators/rating agencies are better resourced, more powerful and more talented than they are. - assumed the SEC was doing its job | ||
*'''Credibility''': Connection | *'''The velvet rope''': the hoi polloi not welcome here. Celebrities only. | ||
**'''Affinity fraud''': He's one of us. | |||
**'''I don’t want your business''': ... Oh go on then, really, if you must, just as a favour to you, you understand. | |||
*'''Credibility''': Connection top political figures or well-regarded community pillars. If George Schultz is on the board the company must be legit, right? We imagine community pillars have done their due diligence on our behalf? | |||
*'''Cult of personality''': A single Svengali, genius, Nobel prize-winners, NASDAQ chairmen, | *'''Cult of personality''': A single Svengali, genius, Nobel prize-winners, NASDAQ chairmen, | ||
*'''This time it’s different''': A paradigm shift as part of the narrative. We’ve banished risk. The internet has changed economics forever | *'''This time it’s different''': A paradigm shift as part of the narrative. We’ve banished risk. The internet has changed economics forever. | ||
*'''They're techno trousers. They’re ex NASA'''. See also "this time is different". | |||
====Nothing to see here folks==== | ====Nothing to see here folks==== | ||
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====Cloaking devices==== | ====Cloaking devices==== | ||
*'''Micromanagement''': Single person unusually able to influence/control the narrative. | *'''Micromanagement''': Single person unusually able to influence/control the narrative. | ||
*'''Secrecy''': Insistence on confidentiality not just of unannounced plans but of entire operation. Black box operations. | *'''Secrecy''': Insistence on confidentiality not just of unannounced plans but of entire operation. Black box operations. Masking the size of the operation (Madoff) or suggesting it is so secretive that you cannot know it (Theranos) | ||
*'''Hostility''': combative/aggressive demeanour to criticism | *'''Hostility''': combative/aggressive demeanour to criticism | ||
*'''This is different how?''': To what extent is “fake it till you make it” bravura, and how much is it confidence in your ability to sort it out later, or big opportunities. Is there a difference? | *'''This is different how?''': To what extent is “fake it till you make it” bravura, and how much is it confidence in your ability to sort it out later, or big opportunities. Is there a difference? | ||