Search results

Page title matches

• Who says
  ...raw attention to them, any advertisement that starts with the rhetorical, “who says...” is getting things profoundly wrong. {{quote|“Who says port and stilton are just for old men?”}}
  3 KB (559 words) - 16:31, 27 September 2023
• Who said?
  #REDIRECT [[Who says]]
  22 bytes (3 words) - 16:20, 27 September 2023
• Who says...?
  #REDIRECT [[Who says]]
  22 bytes (3 words) - 16:20, 27 September 2023
• Who can I share it with? - OneNDA Provision
  ...allowed to disclose only if you’re somehow able to see into the future and know that the further recipient will only use it for the permitted purpose? That If you don’t like that kind of indeterminacy, then ''be careful who you chose as agents''.
  13 KB (2,085 words) - 09:17, 29 August 2023

Page text matches

• Good Man
  ...s set up in mortal opposition to the [[Dark Lord of the Swaps]]. It was he who foresaw the damage of [[financial weapons of mass destruction]], for exampl ...banner and rain apocalyptic hell on we errant descendants of the Good Man, who did not heed His warnings.
  911 bytes (152 words) - 07:56, 25 May 2023
• Who said?
  #REDIRECT [[Who says]]
  22 bytes (3 words) - 16:20, 27 September 2023
• Who says...?
  #REDIRECT [[Who says]]
  22 bytes (3 words) - 16:20, 27 September 2023
• Ultimate client
  ...y [[agent lenders]] on behalf of the — ahh — pensioners for whom they hold those assets... ...no-one misses a million here or there: it’s all just [[basis point]]s, you know?
  2 KB (300 words) - 10:03, 15 December 2023
• Carbon Squad
  ...nsquad}}'' are semi-autonomous factions of semi-literate derivative ninjas who went rogue some time in the early 2010s, producing several iterations — e ...TA]] — sort of the rebel alliance of the market: free-spirited hippy types who care about the planet but haven’t the foggiest about option pricing of an
  1 KB (199 words) - 15:44, 13 September 2023
• Nocoiner
  {{a|crypto|}}{{d|Nocoiner|/nəʊ ˈkɔɪnə/|n|}}A luddite. A rube. A drudge. One who does not understand that [[this time is different]].
  170 bytes (29 words) - 09:07, 11 December 2023
• It’s not a fucking competition
  Only people who are in a competition try to be like someone else. So don’t be in. Competi ...is anyone ''exactly'' like you? You know, exactly? There isn’t, right? You know that, deeply, in your bones: even if there were 20 billion people on this p
  2 KB (306 words) - 21:23, 22 September 2023
• There is no data from the future
  ...inancial markets — but which has been underestimated by reductionist types who labour under the illusion — ''delusion'', really — that future states o
  1,002 bytes (151 words) - 08:48, 2 May 2024
• Proven track record
  ...roven track record]]” is on a [[Curriculum vitae|CV]], and the only people who have any use for [[CV]]s are looking for work, and if you are looking for w ...think employers would look after people with [[proven track record]]s. So who ''are'' these misunderstood people? How has the commercial world so badly m
  1 KB (206 words) - 15:55, 13 October 2023
• Disaster Café
  ...the [[Ford Edsel]], and [[Michael Dukakis]].<ref>Youngsters who don’t know who [[Michael Dukakis|Mike Dukakis]] is will just have to go unfulfilled. Okay,
  931 bytes (130 words) - 08:16, 1 May 2024
• Non-financial counterparty
  ...to determine whether it is an [[NFC+]] or an [[NFC-]] (the latter being he who is not, in [[ESMA]]’s eyes, an [[NFC+]].
  818 bytes (115 words) - 15:52, 28 June 2023
• Assignor
  {{a|g|}}{{dpn|əˈsaɪnə|n}}One who [[Assign|assign]]s something to an [[assignee]].
  229 bytes (33 words) - 10:37, 2 July 2023
• Buy-side
  ...he asset management industry, real money managers and hedge fund managers, who tend to ''eat'' their weaker grandchildren, and so don’t always come acro
  880 bytes (133 words) - 15:16, 2 December 2023
• Carbon Border Adjustment Mechanism
  ...already have to buy and surrender EU Allowances, and foreign manufacturers who, presently, don’t. A cynic would say this is also a form of tariff. An op
  919 bytes (146 words) - 09:34, 7 November 2023
• Cricket
  A source of fierce {{tag|metaphor}} for all who sail in her. One has no hope of understanding the English — or their domi ...stand the metaphorical power of cricket (and there are plenty of them), or who view it simply as a game played between spells of rain over a period of wee
  1 KB (223 words) - 19:28, 26 October 2023
• Get your coat
  ...at banks keep your money in a little jar with your name on it. The [[CEO]] who thinks it is okay to discuss the banking affairs of a customer she doesn’
  2 KB (315 words) - 15:42, 28 September 2023
• Wet signature
  ...ge in is checking that the person who has signed their agreement indeed is who he says he is, and is [[Capacity and authority|suitably authorised by the o ...represented by a QR code, hexadecimal hash or some such thing. Who knows? Who cares?
  2 KB (342 words) - 06:10, 5 April 2024
• Lateral hire
  ...staff who will report to her, by the simple expedient of not having a clue who they are or what they do.
  1 KB (177 words) - 14:30, 6 December 2023
• Creature of equity
  ...[[constructive trust]]. Seen from the perspective of a mercenary Ahab type who would do ill to such a kindly old chairwoman, or [[Welsh hotelier]], [[crea
  1 KB (162 words) - 14:01, 16 October 2023
• Who says
  ...raw attention to them, any advertisement that starts with the rhetorical, “who says...” is getting things profoundly wrong. {{quote|“Who says port and stilton are just for old men?”}}
  3 KB (559 words) - 16:31, 27 September 2023
• Muriel Repartee
  ...rector, sometime collaborator with author [[Hunter Barkley]] and {{otto}}, who directed {{br|The Day of the MiFID}}, {{br|MiFID 2: Reloaded}} and {{br|ISD
  217 bytes (32 words) - 09:13, 12 January 2024
• Do not buy a warranty on a toaster
  ...e loss in question: those who do not will not remain solvent, and insurers who do not remain solvent are no good to you.
  1 KB (176 words) - 15:42, 21 February 2024
• Complicated system
  ...ent in getting the opposite outcome, then who wins will be a determined by who most skilfully uses the rules of the game to her advantage. A chess grandma
  1 KB (194 words) - 02:57, 8 August 2023
• Do more with less
  Remember who approves your salty bills. <br> ...be interrupted by the court jester Nuncle, listening from a nearby window, who snipes sardonic rejoinders to each of [[Triago]]’s complaints.
  1 KB (189 words) - 10:02, 4 July 2023
• Clutch player
  The converse of the choker: the clutch player: the athlete who can rise to the occasion, and, when the chips are down and all hope apparen This is not someone who just stays ice cool and executes skills flawlessly under extreme pressure:
  3 KB (507 words) - 22:14, 12 July 2023
• ISDA Master Agreement
  =====Who are the stakeholders?=====
  2 KB (218 words) - 13:50, 24 February 2024
• Control function
  {{a|people|}}The sainted people who, because they are paid purely to worry themselves about [[Chicken Licken|wh ...iency is plain. [[Internal audit]] must periodically audit ''itself''. But who audits ''that'' function? [[Elephants and turtles|Turtles]] ahoy: we approa
  1 KB (220 words) - 20:20, 23 October 2023
• Stupidity
  “A stupid person is a person who causes losses to another person or to a group of persons while himself deri ...learned little in half a century. This probably tells you what you need to know.
  3 KB (498 words) - 08:46, 1 May 2024
• Followers
  ...he’s hard to ignore — and whoever the leader of the Liberal Democrats is, who would ''love'' to polarise someone — ''anyone'' — but does a magnificen
  1 KB (214 words) - 19:05, 1 November 2023
• End user
  {{a|g|}}One who ''uses''. A [[Client|customer]]. A [[client]]. One whose motivation for ent
  365 bytes (61 words) - 14:17, 2 June 2023
• Comfortable
  ...ries represent an operating cost]] compared with [[private practice lawyer|those whose are deducted from the revenue they earn]]. ...with ''critical'' risks, which are risks that ''don’t'' look big to people who ''do'' understand them, but ''are'' big. They don’t recognise them becaus
  3 KB (506 words) - 20:32, 2 September 2023
• Reduction in force
  ...vision, and who aren’t so ''senior'' that they get to make decisions about who should be subject to a [[RIF]].
  1 KB (215 words) - 08:54, 1 August 2023
• Subordinated
  ...n a scenario where it is first-come, first served. Of a pair of creditors who are ''not'' [[pari passu]], the more [[subordinated]] suffers [[First-loss|
  496 bytes (71 words) - 13:43, 17 May 2023
• Fifteenth law of worker entropy
  ...st proposed by pioneering British financial naturalist [[J. M. F. Biggs]], who invented it on the spot to defend a plainly preposterous assertion he had b Being somewhat the worse for wear at the time, Biggs — who would later find immortality when he discovered the [[Biggs Hoson]] — the
  2 KB (342 words) - 08:23, 20 October 2023
• Picture This
  ...cause everyone in the world mishears the key lyric, including its author, who indeed mis''wrote'' it. The imagery of the dreamer — “clouds on your lids”, right? — who aches for a better life, knowing all the while he can’t have it, hemmed i
  1 KB (251 words) - 09:10, 13 May 2023
• Administrator
  {{a|work|}}{{dpn|/ədˈmɪnɪstreɪtə/|n|}}One of that class of people who are not [[subject matter expert]]s, don’t understand the [[territory]], f
  371 bytes (60 words) - 10:54, 1 September 2023
• Man’s Search for Meaning
  ===On existential frustration, from a man who would know.=== ...uilt and death they are (no shortage, therefore, at Auschwitz). But beyond those axes, the implication will be that we, the users, determine our own meaning
  4 KB (578 words) - 14:50, 30 October 2023
• Ownership
  ...dictionary/owner owner] is a lot better: “a person who owns something; one who has the [[legal title|legal or rightful title]] to something; one to whom [
  2 KB (243 words) - 18:28, 11 December 2023
• You would say that
  ...the battlement. What kind of [[Inhouse counsel|inhouse lawyer]] does that? Who would reject legal advice to take a bit more precaution? Who ever got fired for hiring IBM?
  2 KB (256 words) - 10:57, 31 May 2023
• Legaltech marketing
  :'''Yes''': Those who seemed interested in your product, and not just out for swag; :'''No''': Those who looked disinterested, avoided eye contact, smiled wanly and if approached,
  3 KB (465 words) - 14:40, 19 October 2023
• Virtue marketing
  ...st to the remainder, and is prone to ''dissuade'' many of them: even those who don’t have an instant, visceral ''negative'' reaction to “vegan” — ...ht be some — in north London, ''many'' — omnivores in certain demographics who identify politically with the idea of veganism, to whom the vegan pitch mig
  3 KB (490 words) - 13:05, 30 March 2024
• Receivable
  ...quality of being a sum of [[money]] you are legally owed by someone else, who might go bust before they pay it do you.
  469 bytes (84 words) - 13:30, 25 July 2023
• US Person
  ...[[accredited investor]]s (as defined in [[Regulation D]] of the 1933 Act) who are not [[natural person]]s, estates or trusts. *Any natural person who resides in the United States.
  6 KB (899 words) - 11:18, 5 March 2024
• Rye v Rye
  ...ain kind of fellow who could start a fight in an empty building, as we all know. But when he is fighting about the [[Ontology|ontological]] essence of his ...nd out what that explanation is, and would thank anyone who does happen to know, to keep it to themselves.
  2 KB (274 words) - 15:37, 4 April 2024
• Silo
  Any homeowner who has had substantial work done to their property well instinctively understa ...he expertise required to diagnose fault lies with the three professionals, who, each being self interested, seem unable to reach consensus on responsibili
  2 KB (294 words) - 16:28, 3 December 2023
• Litigationey
  ...e not considered [[stamp duty|stampable]] investments in [[shares]]. Those who truck in collateral like to take it subject to [[pledge]] but, at the same ...rongly incentivised to maintain the theatre, those who come to them cold — who often hail from the foreign climes of [[Litigation|litigation department]],
  5 KB (744 words) - 21:09, 4 July 2023
• First Men
  ...hild-like faeries — the ''[[Synthæse]]'', or “[[Children of the Woods]]” — who eschewed all earthly rancour, regarded physical settlement of disputes as s ...ng but [[Geek paradox|socially awkward and physically pathetic]] specimens who relied for their continued survival on their powers of wit, deception, and
  3 KB (375 words) - 07:51, 25 May 2023
• International Emissions Trading Association
  ...h the ISDA Emissions Annex as the framework trading agreement of types for those wanting to punt around on carbon.
  591 bytes (79 words) - 15:35, 13 September 2023
• Head of the documentation unit
  Who would not leap at that? ...in, or with some understanding of, the documentation unit? ''These people know something you don’t. Do not fall for their lionisation of your people man
  3 KB (514 words) - 18:25, 4 February 2024
• Falsifications die
  {{a|design|}}Those in positions of authority in a [[power structure]] have great influence ove ...rs and competing academics be any more inclined to publish these failures. Who wants to read about an experiment that dusn’t work?
  3 KB (422 words) - 18:49, 21 November 2023
• Close out
  ..., in all your happy conversations until today, there has been no mention — who is all set to pay you, in full, ''later in the day''. ...ility. So you just ''won’t know if he’s shitting you''. Well, you ''will'' know, but there that nagging ''fear'' will just crawl ticklishly around the back
  2 KB (302 words) - 18:51, 3 February 2024
• Rule 144A
  ...institutional players, saucily referred to by one and all as “[[QIB]]s” — who are the US equivalent of [[Professional client|professional clients]] or [[
  591 bytes (80 words) - 08:46, 2 May 2024
• Emma Chisit
  ...opies of her book in a Sydney bookshop when approached by a woman shopper who handed her the book and said, “Emma Chisit.”
  547 bytes (86 words) - 08:49, 22 May 2023
• Trustee
  ...}}, a [[trust]] has no [[legal personality]] distinct from the [[trustee]] who constitutes it; in America and other far-flung places the trust itself (as
  2 KB (282 words) - 13:59, 16 October 2023
• Turing machine
  Named after Alan Turing, the computing pioneer and Bletchley Park codebreaker who thought them, and the related [[Turing test]], up.
  681 bytes (97 words) - 17:04, 21 November 2023
• Your goal is not to win litigation but avoid it
  ...o have demonstrably taken leave of their senses and their representatives, who are happy enough to indulge their delusions at a suitable hourly rate. It ...oted in the ''past'', that place that place of consoling clarity for those who navigate by rear-view mirror and have not the stomach for the unknown.
  3 KB (448 words) - 09:54, 13 February 2024
• Fossil record
  ...r, largely<ref>Like dinosaurs, there are rare creatures on remote outposts who still use the old versions.</ref> extinct versions of contemporary master a
  663 bytes (92 words) - 15:11, 8 May 2023
• Customer
  ...ncial word of extractorship and the ultimate client, a kindly old granddad who cares only for feeding the ducks with his granddaughter and would be horrif
  591 bytes (98 words) - 10:06, 15 December 2023
• US attorney
  ...e ''else'' by surprise. It is a fruitless task trying to get the bottom of who is most justifiably surprised but, for the record, it’s us.
  2 KB (312 words) - 11:58, 27 September 2023
• Gardening leave
  ...terner stuff, especially as they’ll generally have as many people arriving who can spill such wondrous secrets as they’ll lose in any given period. (Inv ...n of gardening leave come up at the AGM? — but by fellow employees, all of who fancy a similar deal as and when ''they'' switch jobs. Gardening leave is j
  2 KB (308 words) - 08:50, 25 April 2024
• Chief risk officer
  {{a|people|}}One who is [[long]] an exalted position, but [[short]] a grisly [[option]], should
  640 bytes (98 words) - 18:10, 27 October 2023
• Silly buggers
  ...htened sophisticates in the fashionable salons of Manhattan and Menlo Park who are the JC’s regular readers, will enjoy the carefree ''Europeanness'' of
  710 bytes (120 words) - 14:33, 13 November 2023
• ISDA: Dawn of the Dead
  ...is rumoured to have been long cultivating an undead army of phantom ISDAs who lie upon the dead earth as spores, and the prophecies of the [[Good Man]] m
  623 bytes (104 words) - 09:35, 12 January 2024
• Embarrassing emails
  ...few are more distinctive than the quality of communications between those who wind up being implicated in them. ...some criticism from Freeths. If you disagree with this approach, do let me know. Otherwise, we’ll adopt this approach until such time as we sense the cri
  723 bytes (121 words) - 11:10, 18 April 2024
• Loyalty discount
  ...of iniquity are shrugged off with the two-way optionality that HR managers know they are long. ...Markets that most effectively allocate capital do best. In any case, those who are good at it stand to make a lot of money. This will not change. Effectiv
  5 KB (745 words) - 10:47, 18 April 2024
• Two Wankel engines
  ...meaningful way in the engine category, with any other card in the pack. So who wins? ...[[boredom]] was a priced-in feature of every adolescent life, and not just those of office workers.
  2 KB (299 words) - 11:20, 4 November 2023
• Financial counterparty
  *Ordinary corporates — your Vodafones, Apples and, Volkswagens, who will generally be ''clients'' *Commodity traders who are not active in regulated financial markets
  2 KB (291 words) - 13:25, 28 June 2023
• Email disclaimer
  =====Credit/Crédit (who knows?) Agricole=====
  3 KB (497 words) - 16:03, 8 December 2023
• Problematic
  2. Upsetting to [[libtard]]s. Especially those who have not read Teresa Bejan’s excellent article ''The Problem with Problem
  929 bytes (128 words) - 15:02, 17 June 2023
• Crack drafting squad
  The best are those in the employ of [[ISDA]]. They came up with the quintuple negative in the ...ability, the [[European Commission]]’s vicious mercenary wordsmiths — they who contrived “[[and, as the case may be, or]]”, after all — run the deri
  2 KB (310 words) - 15:27, 8 May 2023
• Nosferatu
  ...Anderson, an accounting consultant in 1998. He was on the Nobel committee who awarded its economic prize to Black and Scholes. He was Jericho Moody, whos ...an undead army of [[Financial weapons of mass destruction|phantom ISDAs]] who lie upon the dead earth as spores, and the prophecies of the [[Good Man]] m
  3 KB (435 words) - 07:55, 25 May 2023
• London Inter Bank Offered Rate
  ...day at around 11:55 am London time by the [[British Bankers’ Association]] who, it is fair to say, didn’t have a terribly good handle on what [[LIBOR]] ...nally calculated it — which meant it was ideal fodder for pernicious types who lurk in the undergarments of the financial services industry ripping everyo
  4 KB (632 words) - 09:33, 28 March 2024
• Fox pass
  ...th buried roots and [[faux pas]] for the unwary to trip over. Beware those who refer to their agreement as an [[eye-ess-dee-aye]] (it's [[izder]]), or a t
  636 bytes (97 words) - 09:42, 14 September 2023
• Redundancy
  Hands up who has not had these misgivings: On the other hand, who has not felt the following (we should note the JC is coming around to the v
  5 KB (854 words) - 21:28, 16 July 2023
• Dread Pirate Roberts
  ...of Goldman’s story that Roberts is not one man but a series of individuals who pass the Roberts name and reputation when they are wealthy enough to retire
  809 bytes (132 words) - 08:18, 22 May 2023
• Trainee
  ...induction programme, yesterday. Looks a bit like [[Struwwelpeter|Augustus who wouldn’t eat his soup]], doesn’t he.}}}}{{dpn|/treɪˈniː/|n|}} ...a twinge of sympathy? The same sorts who would cuddle polar bears, that’s who. They don’t last long.
  4 KB (688 words) - 12:23, 8 February 2024
• Stephen Jay Gould
  }}Stylish, elegant, a [[spandrel]] fancier — who isn’t? — and he irritated the living ''piss'' out of {{author|Richard D
  741 bytes (121 words) - 09:50, 27 March 2024
• Power structure
  Even people who ''complain'' about power structures — at least ones who do in an organised and compelling way — have a power structure. [[Critica ...con''structive, enabling, levers to prosperity and betterment for everyone who wants it. If we call such a centralised, curated, defended store of knowled
  6 KB (970 words) - 10:38, 25 July 2023
• Serious people
  {{a|work|{{image|serious people|gif|You know it.}} }}{{quote|“I love you, but you are not serious people.” ...process of the [[JC]] aging, reaching age-parity with the sorts of people who get to run the world, and realising they were — well, jerks, mainly —
  6 KB (954 words) - 08:15, 27 July 2023
• Airbag - steering-wheel continuum
  ...is a management thought experiment<ref>I know what you are thinking: ''“''Who knew [[Middle management|management]] experimented with ''thought''?” Act ...et experts, whom I have empowered, to deal with sensible customers, whom I know well, in a prudent manner, with a view to maximising [[shareholder]] return
  2 KB (386 words) - 11:25, 31 January 2024
• Trust
  Day 1: There is this dude who owns a thing. The dude we will call a “[[settlor]]”, and the thing we w ...l ownership fails.The trust has no separate legal personality, so a person who owns all the legal title and all the beneficial interest in an asset is not
  3 KB (406 words) - 14:04, 16 October 2023
• Subject matter expert
  One who understands the [[Territory|territory]] and therefore the [[Map|map]]’s l ...f those benighted people without whom the organisation would not function, who are nonetheless poorly paid, forced to live in a dungeon below ground, bein
  3 KB (389 words) - 08:47, 2 May 2024
• System effect
  ...e. This is a system effect, and not some conspiracy the man against people who can’t be bothered to commute.
  845 bytes (138 words) - 17:52, 4 November 2023
• Part and portion
  ...On this view “portion” probably exists only to suit [[lawyer]]<nowiki/>s, who have a yen, er, ''[[ceteris paribus]]'', for words that are longer and more
  990 bytes (172 words) - 13:39, 6 December 2023
• MiFID v EMIR
  ...e behaving themselves and not taking advantage of the poor misguided souls who buy and sell financial services and products, while EMIR is designed to reg ...nancial markets regulation. Therefore this focuses on investment ''firms'' who are offering services to the public.
  4 KB (586 words) - 11:15, 3 May 2024
• Call bullshit
  ...ng|A [[safe space]], yesterday.}}}}{{quote|“Life is pain, highness. Anyone who says differently is selling something.” ...lt by [[digital prophet]]s, [[thought leader]]s and those of gentle fabric who seem, these days, to be inheriting the earth — I guess the Bible said it
  3 KB (543 words) - 06:41, 14 April 2024
• Reliance on legal advice
  ...ble, being a simple and effective allocation of risk by a service provider who gets paid a pittance and otherwise does not share in the fruits of the tran ...nse. ''Especially'' not from [[External counsel|external legal advisors]], who have a raging [[Conflicts of interest|conflict of interest]] in dispensing
  7 KB (1,173 words) - 11:01, 6 December 2023
• Insolvency administrator
  ...but it just seemed like the right word. It flowed. You know?</ref> fellow who comes in when all your employees are wandering around the plaza outside the
  1 KB (153 words) - 11:06, 26 February 2024
• Calculation Agent
  ...nt Who Loved Me''}}}}{{d|Calculation Agent|/ˌkælkjʊˈleɪʃən ˈeɪʤənt/|n}}One who ''calculates'' things on behalf of contracting counterparties. In theory, u To be endlessly compared and contrasted with a “[[determination agent]]”, who ''determines'' things on behalf of contracting counterparties. Do “calcul
  7 KB (1,051 words) - 20:06, 16 January 2024
• Candle problem
  ...andle problem]]”), and then what sorts of incentives work best for solving those kinds of problems (the “[[Glucksberg candle problem]]”). Enter Elton Glucksberg, who ran the [[candle problem]] with two groups, each incentivised differently.
  6 KB (1,017 words) - 13:49, 27 November 2023
• All-hands conference call
  ...up gets through the agenda more quickly than expected and the call leader, who has been droning in a Jersey monotone for 47 minutes, says, “okay, we sti ...tive, you would think that would send the [[COO]] into orbit – but ''guess who sanctioned the call''.
  3 KB (452 words) - 14:11, 4 May 2024
• ISDA 2015 Section 871(m) Protocol
  For all the delinquent and remiss other who haven't judiciously updated their docs, it will allocate the risk of [[with
  1 KB (150 words) - 18:29, 4 February 2024
• Mediocre you
  False assumption: that the people who get to the top necessarily deserve it. ...anagers who never face an existential crisis. Survivor bias: most of those who do aren't here to talk about it.
  5 KB (879 words) - 16:40, 17 January 2024
• Reg Margin
  ...[Citigroup v Brigade|Villebanque]], between the Tigris and the Euphrates — who, on a routine patrol of the wild [[Bretton Woods]] came across a ruined [[S
  1 KB (156 words) - 07:54, 25 May 2023
• Mediocrity drift
  ...e who are already overpaid for what they do tend not to quit, because they know are already onto a good thing. These staff ''may'' leave, but only to join ...r hire a less experienced replacement. Either way, you are getting someone who is paid at their own cost-value threshold.
  5 KB (817 words) - 10:23, 8 February 2024
• Nettance
  ...lium]]) in the [[Green Chapel]]) imposed on trainee [[ninja]]s (''gēnin'') who fail to follow standard etiquette, comportment and syntactical conventions
  1 KB (166 words) - 07:52, 25 May 2023
• This will damage the relationship
  ...ngs, how egregious such a piece of bluster is depends on the context: on ''who'' is saying it to ''whom'' and ''when''. ...of good arguments for whatever her position happens to be. A counterparty who means it will never tell you she is thinking about ending the relationship.
  3 KB (512 words) - 08:14, 2 October 2023
• Barter
  ...anthropological record — Graeber was an anthropologist, so well placed to know — shows no evidence that barter ever happened at scale, at least not with Where trust does arise, those practical limitations of barter dissolve. Should there be no “double coin
  4 KB (638 words) - 09:12, 16 February 2024
• Managing the Unexpected: Sustained Performance in a Complex World
  ...eory and this one applies it to workplace psychology. These are the people who came up with the idea of “[[high-reliability organisation]]s” which are ...e company. This is a convenient fiction to bolster the importance of those who control that hierarchy; it is nonetheless a conjuring trick — a kin to wh
  3 KB (458 words) - 11:58, 12 June 2023
• Positivism
  {{a|cosmology|{{image|Elephants and turtle|jpg|Who put down that first turtle? }} }}{{quote|Postivism means never having to sa
  1 KB (200 words) - 11:20, 22 July 2023
• Natural attrition
  For sensitive types in HR who don’t like workplace conflict, natural attrition seems a smashing idea: k
  1 KB (165 words) - 09:58, 8 February 2024
• Der Glücklich Widersprüchlichmensch
  ...to be loosely based on Buchstein’s own wild-haired, fiery-tempered spouse) who, when repeatedly subjected to the clumsy amorous advances of quixotic param
  1 KB (169 words) - 13:33, 24 May 2023
• Albert Haddock
  Haddock is the fellow who at spring tide [[Rumpelheimer v Haddock|navigated his punt on the flooded C
  1 KB (176 words) - 15:30, 9 April 2024
• The Corporation: The Pathological Pursuit of Profit and Power
  ...substantial point this documentary has to make. A subsequent participant, who still hasn’t understood it, intones (to cheering): ...ystem of political views held by that single voter; a vote for a candidate who doesn’t win is ignored altogether, and even a vote for the winner, does n
  7 KB (1,155 words) - 12:49, 24 April 2024
• The Wording
  ...part of the Keep of Salomoné, amongst the praetorian guard of ISDA ninjas, who are bound till death by the [[Swappist Oath]]. The Wording is, as you would
  1 KB (198 words) - 07:49, 25 May 2023
• Knowable unknown
  ...g you ''don’t'' know, and ''can’t'' know, but believe you can ''as good as know'', just as long as you have enough data, clever enough [[algorithm]]s and a ...would be really super convenient if, just for one goddam moment, you could know them ''right now''.
  1 KB (203 words) - 11:39, 23 July 2023
• Contract and tort as finite and infinite games
  ...nguish a ''[[Relationship contract|relationship]]'' contract, being one of those architectural arrangements under which we set ourselves up so that we might Likewise, a transactional contract sets out tersely who should do what and by when. Once inked, it is a set of rules designed to wi
  3 KB (616 words) - 18:00, 22 December 2023
• Sloth
  ...flake]]s: von Hammerstein-Equord was “an undisguised opponent” of you-know-who. One of the good guys.</ref> had to say about his officer class:
  1 KB (196 words) - 04:04, 15 August 2023
• Shift the axis of dispute
  ...struggle for memetic survival rages — then possibilities open up for those who genuinely seek to move the negotiation on.
  6 KB (973 words) - 10:50, 5 July 2023
• Wall Street
  ...spiring political careers from [[Snowflake|well-meaning teenaged lefties]] who are now executives at bulge bracket [[investment bank]]s.
  1 KB (188 words) - 14:24, 25 October 2023
• ISDA ninja
  ...' the [[Children of the Woods|{{Baskerville|Children of the Woods}}]], and those that dwelt among the plants and [[hedge|{{Baskerville|hedges}}]]: there the There is war poetry that they write about their enemies who might otherwise be friends, share a drink, see sunsets glow and so on.
  1 KB (222 words) - 18:27, 1 June 2023
• Normal distribution
  ...ial proof|biddable]] species it is, its cognitive decisions — particularly those concerning [[fashionable idea]]s, to depart quickly from crowded theatres w Then there are those “[[ten sigma event|ten-sigma” events]] — like, ooooh, say the correla
  7 KB (1,037 words) - 15:40, 28 September 2023
• Capital allocation
  ...s to be intrinsically very risky. All of the colossal complication that we know, love, and we rent-seeking agents secrete ourselves into the loving satin f ...that, but all the same people who should know better — and many who ''do'' know better — will believe, or at any rate profess, that this principle has be
  5 KB (772 words) - 11:19, 1 June 2023
• The CEO wants this to happen
  ...tells you all you need to know about the bona fides of the [[sales]]person who just said it. ...f course, except in the vaguest possible way. There is no way the CEO will know or care about any of the details, or have more than a passing acquaintance
  1 KB (223 words) - 09:21, 14 June 2023
• I believe
  If you know you will a fellow merchant again, and go through this again — or even if ...e for the betterment of all. It explains the fable of the wealthy merchant who accosts the elderly pauper.
  5 KB (764 words) - 17:38, 6 March 2024
• 2011 ISDA Equity Derivatives Definitions
  ...There are [[Linklaters]] lawyers alive today — alive, though ''changed'' — who have not yet refilled the existential void hollowed out from their souls by ...19]], the squadron of [[Linklaters]] [[FPML]] ''Avenger'' torpedo bombers who lost contact with reality during a routine drafting mission and were never
  3 KB (484 words) - 16:20, 22 March 2024
• Empathy and compassion
  ...se: it just does it, favouring kin, familiarity, tribe and self-identity. Those people you most instinctively identify with. ...guy against an old-school Bond villain — are rare indeed. Jacinda Arden, who branded herself an empathetic leader, had a couple of rare opportunities: i
  5 KB (799 words) - 06:43, 14 April 2024
• Swap
  {{a|glossary|{{Layman|Swap}}}}Generally, those {{tag|derivative}} contracts entered into under an {{isdama}}. Two rookie m ...about an [[Condition precedent|unfortunate partner of Stephenson Harwood]] who made this mistake in 1997.
  1 KB (200 words) - 09:10, 23 February 2024
• Communication
  ...but to be able to plainly and clearly communicate that expertise to people who are not.
  1 KB (207 words) - 16:47, 7 May 2023
• Void claims
  ...and while repayment is contingent on a demand (surrender the note itself) those two limbs (a) and (b) of Section 6(2) are “conjunctive”, so it has to b ...to the wind, and as they flutter away you have no control thereafter over who holds them, how much attention they are paying, how good their memory is or
  3 KB (598 words) - 17:22, 2 November 2023
• Headings
  ...t how things work now.</ref> At best, this provides cover to the miscreant who later claims an interpretation the ''context'' — that is, the ''heading'' ...e for a clause about assignment ''whatever'' its attitude to the topic — I know, bad example — this strikes as a charter for the negligent; an articulati
  4 KB (588 words) - 10:08, 5 January 2024
• Guide to the legal profession
  }}Those vanity-published<ref>TAKES ONE TO KNOW ONE, RIGHT?</ref> [[Guide to the legal practice|annual guides to the profes ...recent times have been tough for [[legal almanac]]s and their publishers, who have been hit by a [[triple cocktail]] of woe:
  6 KB (923 words) - 18:31, 5 October 2023
• Change in law
  ...ur hands on the Allowance and surrender them, or sell them to someone else who wants to surrender them, now. The closer you get to the day that becomes la
  1 KB (235 words) - 14:14, 25 October 2023
• Talentdämmerung
  ...the envy of the world, is dwindling. I shall hand it over to those of you who can demonstrate their strategy for adapting to the new environment.” ...lamento]], who is in charge of [[compliance]], and the hapless [[Triago]], who is [[general counsel]]. Also present is [[Jeremiah Nuncle|Nuncle]], the Que
  8 KB (1,320 words) - 06:55, 10 May 2024
• 1985 ISDA Code of Standard Wording, Assumptions and Provisions for Swaps
  ...tempt, by the [[Children of the Woods]], progenitors of the [[First Men]], those valiant but somehow feral predecessors to the latter-day crusading knights ...t these were not the humdrum, process-oriented, detail-obsessed boxwallahs who now run ISDA. These were capricious, flipsy, okay maybe a bit ''bookish'' r
  2 KB (234 words) - 15:54, 2 February 2024
• Beneficial ownership
  ...e beneficial owner is the person (and in most cases, it’s the same person) who has the effective benefit of the asset: not just its economic risks and rew ...al ownership is a “[[creature of equity]]”. One should not confuse it with those creatures of statute, the [[corporation]]: A [[shareholder]] is ''not'' the
  1 KB (228 words) - 14:00, 16 October 2023
• 1MDB
  ...ector, Roger Ng, has been sentenced to 10 years in prison, while Leissner, who pled guilty and testified against Ng, is awaiting sentencing.<ref>[https://
  2 KB (224 words) - 15:56, 15 June 2023
• Singulars and plurals
  ...ce of the [[anal paradox]], but serves no purpose to [[Legal Eagle|those]] who have not embarked upon the noble pursuit of prolixity. ...stares morosely at his brogues, silently cursing the wasted shoe-polish in those nasty little holes|rises briskly, causing his chair to scrape flatulently o
  3 KB (552 words) - 11:05, 18 October 2023
• Simpson’s paradox
  ...re of success in life, of course, is “being alive”, and on that dimension, those of us on whom the midwife ''has'' attended but the reaper has ''not'', are But it is equally offensive to those upset by {{author|Jordan Peterson}} and his fondness for pointing out how h
  2 KB (225 words) - 06:45, 1 May 2023
• The Magicians (Book)
  ...t notice? Whose trick? ''What'' trick? Introduce her beauty before we know who she is. ...fancies Julia but knows he has no chance. We’ve got that. We also need to know — maybe? — they’re brainy nerds. This is not the time.
  8 KB (1,293 words) - 10:13, 1 February 2024
• Security trustee
  {{a|repack|}}{{d|Security trustee|/sɪˈkjʊərɪti/ /trʌsˈtiː/|n|}}One who holds the security in a [[repackaging programme]] for the benefit of itself
  1 KB (238 words) - 08:55, 22 September 2023
• Jacquard loom
  ...ght leader]] on hand to declare, “Right. That’s it. Human usefulness as we know it is over. We are all going to become machines”? Not as far as we know. There probably was, but his hot take was buried in the irresistible torren
  4 KB (561 words) - 15:19, 8 November 2023
• Clavam Hominum Senum Pallidorum
  The order’s goals were to promote the interests of all those with a fascination for chasing balls, standing around fires, hunting, fishi ...ment, wage all-out war for the simple pleasure of dominating any other men who so much as look at them in a funny way.
  5 KB (866 words) - 16:14, 24 April 2024
• Hinterstoisser Traverse
  ...north face of the Eiger, named after German climber Andreas Hinterstoisser who, in 1936, formed part of a four-man team making the second attempt to scale
  2 KB (272 words) - 09:56, 7 November 2023
• Specialisation
  There is, it is said, no human alive who knows every step in the manufacturing process of even the humble pin. ...ufficiently articulated as to be [[boring]] should be assigned to an agent who is fast, accurate and not easily bored, but incurious and unimaginative.
  4 KB (572 words) - 22:32, 26 March 2024
• If you’re the smartest person in the room, you’re in the wrong room
  ...insidious brain drain the moment we get there. “Wait. Where are you going? Who will tell me what to do?” ...iple. (There may be an exception for uncommonly dull people in hotels with those high-tech self-flushing loos you find in Japan, but even here someone reall
  4 KB (686 words) - 15:37, 10 November 2023
• Volume-weighted average price
  [[VWAP]] is often used as a trading benchmark by investors who aim to be as passive as possible in their execution. Many [[pension funds]]
  2 KB (265 words) - 03:00, 4 August 2023
• Cayman Islands rum cake
  ...inutes<ref>Properly dirty these are. I couldn’t begin to tell you.</ref> — who spend long London evenings staring out into the dank gloom, longing for the Now financiers are partial to absurd boondoggles. We know this: [[gardening leave]]; [[corporate entertainment]]; [[Business day conv
  4 KB (574 words) - 11:13, 19 March 2024
• Discredit derivatives
  ...vatives|turpitude swap]]”, as he called it, was designed for fund managers who, like his buddies, rode the eco-wave with lazy public commitments to [[envi Those carefree days collapsed into press intrusion, performative cavity searches
  6 KB (962 words) - 16:33, 30 March 2024
• This is an auto-generated email
  ...xchange server, they can hardly miss it, even if they ''do'' actually, you know, miss it — they have no choice but to bend their weary footsteps to its u ...ust to make sure it remains fit for purpose. This nudge usually comes from those [[Meatware|obliged to ''follow'' the process]] ''complaining'' about it.
  4 KB (634 words) - 14:37, 18 May 2023
• Plausible deniability
  ...rdure]]: stooges and patsies abound amongst the [[subject matter expert]]s who are, as {{author|Sidney Dekker}} comprehensively catalogues,<ref>{{fieldgui ...arnest, want to do a solid day’s graft, be recognised for it, and go home. Those with an instinct for survival learn the [[Buttocractic oath]], and will act
  4 KB (640 words) - 09:12, 26 May 2023
• Intention to create legal relations
  ...act or an “ordinary commercial transaction”, the burden of proof is on she who alleges the ''absence'' of an intention (but really? if, in actually signin
  2 KB (291 words) - 02:50, 10 August 2023
• Vlad Paripasu
  ...is a character from Finance Fiction mythology: one of the “[[First Men]]” who, with Norse monster [[Reg Margin]] threw out the {{cotw}} and bastardised t ...d took the boy into his court (over the fierce protestations of the Queen, who always hated him).
  8 KB (1,436 words) - 09:38, 24 April 2024
• Cheapest-to-deliver
  ...credit default swap]] — allow investors to manage the credit risk to those who owe them under [[Debt security|debt instruments]]. ...icky”: debt instruments are illiquid in a way equities, which have none of those limitations, are not.
  8 KB (1,296 words) - 13:53, 8 March 2024
• Procure
  ...erhaps 55th birthday: we doubt a twenty-five-year-old cryptobro would know who David Gilmour is, let alone want him to spoil the banging vibe at his party
  2 KB (281 words) - 16:59, 18 January 2024
• Lexrifyly
  ...sperate and forlorn messages pleading for help to his dwindling user base, who defiantly ignore them. HE WILL NOT BE MISSED.
  2 KB (250 words) - 14:54, 13 October 2023
• Outliers: The Story of Success
  Clearly {{author|Malcolm Gladwell}} has taken those reservations to heart: in Outliers he has been scrupulous to sketch out an ...oor loser<ref>Um, hello!</ref> who spent 10,000 hours at his fretboard and who squandered a wealth of opportunity through ineptitude or bad luck, because,
  7 KB (1,163 words) - 10:19, 14 December 2023
• Non-overlapping magisteria
  This presents a “cancellation problem” for subjects who still equate their own personal congnitive states between the two worlds. W
  2 KB (269 words) - 11:31, 21 March 2024
• Software-as-a-service
  ...“[[SAAS]]” to its friends; glorified ''[[rent-seeking]]'' to the poor sods who have it imposed on them, software as a service is the disguised ''re''inter ...ching, tend to underwhelm in production when set upon by [[morlock|those]] who actually need them to work. It is one thing to perform [[magic]] on a pre-p
  10 KB (1,569 words) - 15:30, 21 February 2024
• SPAC
  ...with slapping upside the head with a fish of some sort. The sort of person who invests in a [[special purpose acquisition company]]. <br> Why the clergy, who were so mainly interested in the latter clause, should have taken so much i
  7 KB (1,209 words) - 09:01, 29 September 2023
• Maxims for a happy life
  .... It's ''best'' not to be a joiner-inner. If you’re the guy from BlackRock who ''didn’t'' post an #iam message ... ''good for you.'' That took a ton mor ...y of a guy who may well just have fluked it? Principle applies to leaders who themselves slavishly follow a svengali. [[Ayn Rand]] is a red flag.
  13 KB (2,214 words) - 17:14, 28 February 2024
• Charge-out rate
  ...ntially, the billable hour is an internal unit of account: means for those who like to measure, manage and monitor things to make sure the firm is properl So part of the ''point'' is to weed out the ones who can’t hack it. ''This is elite sport''. Remember: these winsome little l
  10 KB (1,630 words) - 13:56, 14 March 2024
• Legaltech roll of honour
  ...tracking the [[legaltechbros]] he knows about. This comes, at first, from those enthusiastic people at ''Legal Geek'' and their “[https://www.legalgeek.c ...s|''peak'' inflated expectations]], but buries its own [[fossil record]] — those [[legaltech]] startups which are, for whatever reason, no longer of this ea
  4 KB (728 words) - 08:12, 15 April 2024
• Automation eliminates value but not risk
  ...ound on ''UpWork'']] threw together over a mad weekend six months ago. You know how your software contraption was quite easy, in the scheme of things, to m ...an explain what justifies your monetising ''that'', do write in and let us know.
  5 KB (755 words) - 12:38, 7 May 2024
• Hyperbolic language
  The other is the “well, look who got a thesaurus for Christmas” approach whereby writing the letter you im
  2 KB (341 words) - 10:05, 2 May 2024
• NAV trigger
  ...ker]]s do, to hike up [[initial margin]] at your discretion.<ref>I know, I know, there may be a [[margin lockup]]. That’s really the best place for the [ ...NAV triggers it has buried in its contract portfolio, each [[hedge fund]] who has granted one will and, if<ref>''When''.</ref> it suffers a significant d
  5 KB (822 words) - 15:53, 15 June 2023
• Microsoft Word
  {{Image|Tippex on screen|jpg|Getting rid of those carriage returns one stroke at a time}} ...' ones, and not particularly good lawyers, as a class, tend to be the ones who are fundamentally ignorant of how powerful Microsoft Word is.
  4 KB (702 words) - 11:13, 10 May 2023
• US private placement
  ...arranger therefore a commodity pool operator? Applies to initial sales an those you plan from the outset. If there is no cash-settled derivative (ie physic ...[accredited investor]]s” or “[[qualified institutional buyers]]”</ref> and who do not make public offerings of their securities.
  6 KB (922 words) - 01:11, 5 August 2023
• Labour theory of value
  ...use have frequently little or no value in exchange; and, on the contrary, those which have the greatest value in exchange have frequently little or no valu Cue long-winded diatribes, from either side, about those who know the ''price'' of everything, the ''value'' of nothing, and so forth.
  5 KB (805 words) - 11:40, 8 June 2023
• Bad apple
  ...us human imps occupying unobserved crevices in the great steampunk machine who, by human frailty, ruins the best-laid plans of the machines. Bad apples ne ...g, peaceable, but ignorant, citizens as they go about their quotidian day, those bad old apples, wise to the world, have long since untied their bonds and m
  14 KB (2,238 words) - 11:25, 21 January 2024
• Surety
  There are those who will tell you that a [[guarantor]] and a [[surety]] are different things, t
  2 KB (383 words) - 13:11, 18 September 2023
• Unfair Contract Terms Act 1977
  ...onsumer contracts, or [[Little old ladies|contracts with little old ladies who make bad law]].
  2 KB (296 words) - 11:30, 29 June 2023
• Extreme prejudice
  ...eavers — or at least ''wouldn’t'', if you could hang on to those few staff who got anything done. But these are, by self-selecting definition, your [[late ...[[reduction in force]], fully honoured in the breach though it is, is that those put “[[At risk of redundancy|at risk]]” are functionally surplus to req
  8 KB (1,289 words) - 17:17, 4 November 2023
• What We Owe The Future
  Indeed, MacAskill, a thirty-something ethics lecturer who has divided his adult life between Oxford and Cambridge universities, is ba ...is assured. What it is, and who will enjoy it, is literally impossible to know. This [[uncertainty]] is a profoundly important engine of our non-zero-sum
  13 KB (2,099 words) - 06:20, 30 April 2024
• Things to know about maths
  “Ensemble averages” payoffs across a collection of people who roll the same dice once, are very different from the payoffs of the same pe ...s are only meaningful for independent events in a bounded system where you know all possible outcomes, and the events do not influence each other. Like rol
  2 KB (327 words) - 12:19, 1 May 2023
• Agency problem
  This tension, between the overriding life goals of an [[agent]] and those of {{sex|her}} [[principal]] is the crux of the agency problem. They do ali ...e'' defence of its own interests to its “friends” who ''are'' animate, but who have interests of their own. It can seek to nullify any ''one'' agent’s c
  12 KB (1,922 words) - 11:00, 6 May 2024
• Rumpelheimer v Haddock
  The President of the Probate, Divorce, and Admiralty Division ( who had the assistance of an assessor) giving judgment. This action was origina ...a little before high water on the date in question, when Mr Rumpelheimer, who had an important business appointment in the City, began his voyage along t
  11 KB (1,908 words) - 15:32, 9 April 2024
• Pioneer v TMT
  Then the parties settled — but like the winger who arrives late to a punch-up between two front rows, Gloster J piled in anywa
  2 KB (356 words) - 16:22, 23 May 2023
• May
  # (''n.'') A prime minister who did likewise.
  2 KB (370 words) - 10:57, 30 September 2023
• Privilege
  ...BBC. Just ask Amy Prime, a litigation trainee from Womble Bond Dickinson, who sent this to her clients at the Post Office: ...some criticism from Freeths. If you disagree with this approach, do let me know. Otherwise, we’ll adopt this approach until such time as we sense the cri
  2 KB (366 words) - 11:43, 18 April 2024
• Arsehole-jobsworth continuum
  ...annot hide, whom you are obliged to greet wanly in reception each day, and who can wantonly ruin entire days, weeks and years of your professional existen
  2 KB (351 words) - 20:02, 11 September 2023
• Children of the Woods
  ...y [[derivatives]] [[salesmen]] from the ancient, doomed, city of Salomoné, who it is said, wiped them out in the late 1980s in one big bang, but not befor ...netheless tangible, benefit — known in Lanchmani as “''rehnt''” — to those who take care of them.
  7 KB (1,060 words) - 15:34, 14 January 2024
• Thought leader
  One who spends {{sex|his}}<ref>It ''used'' to be largely men, but is less so as tim
  2 KB (351 words) - 13:51, 21 March 2024
• Clabby conversation
  2 KB (352 words) - 12:31, 15 September 2023
• Ignore
  ...here is another kind of ignorance, which counts as a business strategy for those whose enterprises depend on scaling the value of mutualised upfront payment ...rily expect you do do anything in return, there is logic to ignoring those who do ask, even fairly, for you to perform your end of the bargain.
  5 KB (849 words) - 15:29, 21 February 2024
• Splash quotes
  '''April 2024''': “Shakespeare is known in our house as the gentleman who pays the rent.” — Judy Dench <br> '''November 2023''': “I know it’s a wonderful metaphor, but what it means, I’m unable to say.” —
  6 KB (1,009 words) - 07:59, 28 April 2024
• Cutlet
  ...ntly become co-general counsel with [[Chip Fryer|Genevieve “Chip” Fryer]], who until recently had been co-GC with Bundie. ...aff Jolyon Gripper says farewell to favourite son [[Roly Punchface|Roly]], who is departing a new role at head office. [[Roly Punchface|Roly]] warns his s
  6 KB (1,067 words) - 17:46, 30 April 2024
• Public domain
  ...nformation is in the public domain, it is available for everyone to see or know about”}} ...tected by [[intellectual property]] rights, but ''isn’t'', whether because those rights have expired, been forfeited, waived, or for some other reason just
  6 KB (1,023 words) - 15:30, 1 June 2023
• Otto’s razor
  ...d it is a healthy, skeptical disposition to take into the world, and those who find uncanny success would do well to bear it in mind.
  2 KB (372 words) - 13:32, 27 November 2023
• Ser Jaramey Slizzard
  ...ly transcribed by longtime {{buchstein}} antagonist, [[Winthrop Grumman]], who took notes while the author mumbled incoherently from the depths of a malar
  2 KB (357 words) - 20:05, 24 January 2024
• Human resources
  And who do you think is most (for which read “only”) enthusiastic proponent of ...and folly, of management by policy over decades. But most policies — even those articulating matters of deep religious faith — with enough willpower, a l
  2 KB (358 words) - 08:47, 1 August 2023
• Rights cumulative
  ...r'' right that I might have at [[common law]]? The [[common law]] evolves. Who knows what clever tricks it might devise. Does my clever, eagley contract b ...my ''statutory'' right to have you [[Account for profits|account to me for those profits]] too — but where my [[contractual damages]] and your profits coi
  6 KB (953 words) - 07:32, 28 June 2023
• Eagle Squad
  ...legal documentation flow — notably, the heroic, benighted [[negotiator]]s who are the real brave foot-soldiers of legal practice, however hotly the [[eag
  2 KB (396 words) - 14:35, 18 May 2023
• The Moorcock - Case Note
  ...o the transaction as must have been intended at all events by both parties who are business men [...] to make each party promise in law as much, at all ev
  3 KB (453 words) - 14:17, 29 September 2023
• Carl Sagan
  ...you love, everyone you know, everyone you ever heard of, every human being who ever was, lived out their lives. The aggregate of our joy and suffering, th ...stage in a vast cosmic arena. Think of the rivers of blood spilled by all those generals and emperors so that, in glory and triumph, they could become the
  3 KB (429 words) - 17:19, 30 July 2023
• Playbook
  ...ily bored, can competently follow instructions and, if she runs out, knows who to ask. She thus tends tilled, tended and fenced land: boundaries have been ...agree to ''Y'', there must be an [[escalation]], to a junior risk officer, who may sanction a further derogation to ''Z —'' still unnecessarily conserv
  11 KB (1,681 words) - 12:39, 5 December 2023
• Repackaging programme
  ...for!]</ref> which, as its name suggests, was as cool as Jon and Ponch. You know, the ones from TV’s “[[CHiPs]]”.<ref>Youngsters: {{google|CHiPs}}.</ {{script|Duck Jeckson}}: Who is greater? Surely not SPIRE? <br>
  2 KB (381 words) - 17:31, 30 September 2023
• Business continuity management
  ...D 19 pandemic, at which point they proved as useful as a chocolate teapot. Who would have guessed?
  3 KB (399 words) - 08:26, 12 October 2023
• Gin horizon
  ...eans as the “'''[[MiFID]] Season'''”<ref>A joke that shall grow old, as we who are left grow old.</ref>) a reminder of the absolute limits on forgiveness But know this: champagne is very, very bad.
  2 KB (414 words) - 15:26, 12 April 2024
• Time and attendance
  ...by professional services firms that equates it to the time taken to yield those services. ...ollary is: ''the longer something takes, the more valuable it is''. No-one who has sat through the last season of ''Game of Thrones'' could possibly belie
  6 KB (974 words) - 11:07, 28 June 2023
• Financial Collateral Directive
  ...“didn’t quite achieve what it set out to” — but we note quietly that those who make this sort of claim — [[private practice]] [[legal eagles]] — and t ...y to challenge that analysis would be a competing creditor, and the person who would be arbitrating on it would be a liquidator, if an arrangement were no
  8 KB (1,130 words) - 15:33, 8 January 2024
• Who can I share it with? - OneNDA Provision
  ...allowed to disclose only if you’re somehow able to see into the future and know that the further recipient will only use it for the permitted purpose? That If you don’t like that kind of indeterminacy, then ''be careful who you chose as agents''.
  13 KB (2,085 words) - 09:17, 29 August 2023
• Vitamins and painkillers
  ...of living a healthy lifestyle — a “vitamin” — but anyway overlooking, you know, ''diagnosing and curing patients'' is the classic [[Legaltech startup conf ...appeal of Paracetamol: it is quick, generic, asks no great skill of those who prescribe it and, at first blush, it does the trick. A lot like [[legaltech
  6 KB (917 words) - 17:14, 12 January 2024
• Marine Trade v Pioneer
  ...nt, and payment of the USD7m, from the High Court. It came before Flaux J, who held that Marine Trade could not recover the USD5m by way of [[restitution]
  3 KB (417 words) - 09:38, 23 May 2023
• Third law of worker entropy
  For those that are not important, their owner will be someone in middle management. A ...so, friends: but that takes all the fun out of it for the middle manager. Who wants to be the one telling a computer what to do? Where is the fun in that
  3 KB (479 words) - 21:29, 27 November 2023
• Consultation
  If by oversight, the focus group contains those imaginative but incautious enough to tell you how stupid the plan is, you c Those remaining ''after'' the [[Reduction in force|RIF]] will adjust their habits
  3 KB (463 words) - 13:55, 21 March 2024
• Talk, don’t email
  ...y ''stupidity''. There is plenty of stupidity: consider how little ''you'' know, and extrapolate it. ''Everyone is bluffing''. ...e explained by stupidity, calling is ''still'' the best strategy. You will know soon enough if your counterparty is a rogue.
  6 KB (1,024 words) - 08:23, 24 February 2024
• Bitcoin
  [[Cash]], as you’ll know if you’ve had the pleasure of the [[JC]]’s [[Cash|frequent tedious pero ...ltiplayer online role-playing game]] of [[iterated prisoner’s dilemma]] we know as the free market would have blown up when the first rascal defected on th
  10 KB (1,728 words) - 17:42, 14 December 2023
• Cross examination
  One of the great pieces of advocacy ''about'' advocacy. Anyone who cares for the law should hoover this up. ...ich language. There are five synonyms for everything. Always one or two of those synonyms derive from the Germanic languages and they are ''short'' and ''pu
  2 KB (382 words) - 15:00, 7 June 2023
• Guarantee
  ...ady-guarantors off the hook. This means it is a minefield for lawyers. You know what you find in mines: GOLD. So a guarantee is a place, like no other, whe ...uch as the right of subrogation), and there is a risk that a [[guarantor]] who assigns these rights might somehow mysteriously compromise a beneficiary’
  7 KB (1,096 words) - 10:57, 6 November 2023
• Pace layering
  ...h; Mediterranean Europeans are culturally different from Alpine Europeans, those from the Balkans, Slavics, Scandinavians and so on. A market which might wo ...ely remodel London. Robert Hooke and Sir Christopher Wren were among those who submitted plans, Wren’s influenced by Paris’ wide avenues hubbing from
  9 KB (1,352 words) - 17:17, 4 November 2023
• Asset-backed security
  ...financial asset]]”s, which means certain financings would be out of scope. Those of instruments that don’t pay a cashflow or have a stated maturity as suc ...use, in America, there is rather hairy “[[risk retention rule]]” for those who would sponsor an “[[asset-backed security]]”. To qualify, the [[ABS]] n
  3 KB (451 words) - 14:50, 11 May 2023
• Law firm panel
  ...had to co-opt thousands of extra lawyers to work inside their businesses, who could keep the crops and fields of lawyers happy, throwing out fresh instru ...sts for the pleasure and enrichment of those saintly white-shoed attorneys who grace the serene frescoes overhead.
  8 KB (1,255 words) - 18:16, 29 March 2024
• Potts opinion
  ...oducts do, and sought wise counsel. In this case, a Mr [[Robin Potts QC]], who in 1997 opined that a credit derivative should not be characterised as an i
  3 KB (516 words) - 07:06, 10 May 2023
• Misrepresentation
  ...comfort you might draw from what is being said is taken away by the person who is saying it. :'''Agent (''as [[agent]]'')''': Who?
  7 KB (1,286 words) - 16:48, 29 December 2023
• Management consultant
  One of those people with an [[MBA]] who is profoundly deaf to protest “that is easier said than done”, largely
  3 KB (501 words) - 14:16, 18 May 2023
• Lived experience
  ...utions like school, university, work, the internet and, well, people on it who witter on about “lived experiences” all the time. Yes: like the JC. ...ial in nature to anyone minded to listen. The converse is just as true for those [[Inclined to|inclined]] to [[Humblebraggadocio|humblebrag]] about [[indust
  3 KB (454 words) - 11:47, 19 October 2023
• Permitted Receivers - OneNDA Provision
  ===Who’s in=== ...“'''{{confiprov|Necessary Person}}s'''” or something equally [[tedious]]. Those people may be:
  3 KB (468 words) - 10:29, 29 August 2023
• Stakeholder capitalism
  ...ything the corporation does, putting the [[professional-managerial class]] who run the company beyond the reproach of the one stakeholder group with the n === About those shareholders===
  18 KB (2,762 words) - 12:29, 24 April 2024
• Doubt
  ...issures for yet further purchase on [[certainty]]: is there one amongst us who has never whispered “''[[for the avoidance of doubt]]''”, not once, eve
  15 KB (2,456 words) - 12:38, 21 November 2023
• Opportunity cost
  ...uits of the contract|fruits]], is one that appears not to have occurred to those under the age of thirty. ...ilosophy, [[post modernism]] and the [[Critical theory|critical theories]] who would now write this stale colonial tradition from history. Look, knock you
  3 KB (487 words) - 10:02, 7 November 2023
• Past, present and future
  ...to the [[JC]] so I thought you lovely hardy band of readers might like to know what’s about to happen and why. ...ki/>s: specialist contract negotiators, students, market practitioners and those needing knowhow management in their actual line of work — will require lo
  11 KB (1,843 words) - 08:37, 22 May 2023
• A Manual of Style For the Drafting of Contracts
  In a scrape — at any rate, one whose outcome depended on who had the better command of [[pedantry]] — here is a fellow you would be no
  3 KB (483 words) - 10:19, 31 May 2023
• Spans and layers
  ...to employees, contractors, outsourced service-providers but, as far as we know, modernist management orthodoxy has not yet updated the concept to include ...ger can really hold the business back. Alison recalls working with someone who had 13 people reporting directly to her. “She had to do 13 [[Performance
  4 KB (592 words) - 15:24, 21 October 2023
• The Field Guide to Human Error Investigations
  ...t the door of management and not poor benighted [[subject matter expert]]s who are expected to make sense of the [[Rube Goldberg machine]] that management Those investigating accidents are motivated in ways which will favour the “[[me
  7 KB (1,026 words) - 11:01, 13 January 2024
• Weeds
  ...he “weeds” — is the mark of the unpromotable laggard. The [[JC]] is one of those. ...you want to progress in this firm, you must ''get out of the weeds''. You know, and ''manage''.”
  3 KB (474 words) - 15:10, 27 October 2023
• Mercury Tax Group Limited v HMRC
  Those unintended consequences included heightened paranoia amongst deal counsel w ...ce requires the person ''signing'' the contract to be removed from the one who ''negotiated'' it.
  12 KB (1,889 words) - 11:11, 27 February 2024
• Writing for a judge
  ...n’s Counsel’s opinion on a complex derivatives. ''What the hell would a QC know about it?'' ''Trillions'' of dollars of derivatives are traded every year, ...n your drafting for the benefit of judges in priority to the men and women who are party to it, you are out of your mind. But for the very same reason, th
  3 KB (553 words) - 12:25, 15 October 2023
• Signs
  ...email sent from an unmonitored account]] — they’re a cheap shot at someone who can’t hit back — and more to the point they are a failure in [[design]] Most signs — other those amounting to ''labels'' or imparting ''directions'' — don’t work very w
  3 KB (582 words) - 12:44, 27 October 2023
• Technological unemployment
  ...istory tells us that. But it couldn’t persuade {{author|Daniel Susskind}}, who wrote a new book with a familiar old message: [[this time is different]].<r Technology certainly threatens those who seek to [[operationalise]] labour — who look to take the easy, [[algorithm]]ic bits, that could and, really (if [[r
  11 KB (1,761 words) - 14:15, 3 March 2024
• 1987 ISDA Interest Rate and Currency Exchange Agreement
  ...odd [[Fossil record|fossils]] who still insist on using it, though most of those have long-since been taken out and shot, a process now happening to discipl
  3 KB (491 words) - 12:25, 14 January 2024
• Risk retention rule
  The risk retention rule requires that those who sponsor an [[asset-backed security]] to “retain an economic interest in a ...do with the definition of “[[asset-backed security]]” which must be — you know — a ''security''. A bilateral, non-negotiable loan isn’t. Now it is not
  4 KB (533 words) - 16:50, 22 January 2024
• Legal evolution
  ...a surprise and disappointment to many intelligent, self-respecting humans, who hitherto had rather liked to think they were in control of their own destin ...gs. In a corporation it is the other way around. The agent is the thing we know, because it’s us, and the “firm” is this ineffably weird thing we can
  12 KB (1,988 words) - 08:51, 20 October 2023
• Stairway to Heaven
  There’s a lady who’s sure … <br> ...ccepted to be of good social position (hereinafter, the “'''Purchaser'''”) who, having taken reasonable steps to verify the accuracy thereof, is reasonabl
  18 KB (3,081 words) - 13:59, 19 October 2023
• This time it’s different
  ...vance, from the invention of writing to the invention of television, those who have failed to appreciate the non-zero-sum nature of technological evolutio ...to the [[data maximalist]]<nowiki/>s: those [[techbro]] [[reductionist]]s who, hopped up on Ayn Rand, [[singularity]] chat and [[Simulation hypothesis|si
  9 KB (1,458 words) - 07:21, 24 April 2024
• Eight jet engines
  ...ies on; the foolhardy one stamps his feet, insists hotly that it is ''he'' who has been mistreated, and storms off to stew in righteous dudgeon about the
  3 KB (492 words) - 18:38, 2 November 2023
• All our other counterparties have agreed this
  ...icked apart. In doing so you will win no thanks from your [[salesperson]], who will volubly hate you for your trouble: yet, one of the great pleasures of ...ne or foolish as your [[client]] is asking you to be: it is always nice to know your competitors’ weaknesses. But that doesn’t mean you should follow s
  3 KB (548 words) - 10:01, 14 June 2023
• Goals
  Who hasn’t had a goal that has been overtaken by events? Has anyone had one t ...circumstances change, might seem less sensible later. But the one thing we know with [[certainty]] is that ''the future is not certain''. Circumstances ''d
  7 KB (1,163 words) - 08:27, 1 December 2023
• Re Bank of Credit and Commerce International SA (No 8)
  ...covery. The deposits were more or less worthless in the hands of customers who had deposited them, because BCCI had blown up. Therefore a netting off was,
  4 KB (574 words) - 15:56, 25 March 2024
• Interest rate swap mis-selling scandal
  ...heir [[IRHP]]s materially changed, leaving them with significant losses if those IRHPs terminated early. Alternatively, customers were tied in under the IRH ...o more independent of loaned money than a shadow is independent of the boy who casts it, or the light source he stands infront of.
  11 KB (1,840 words) - 12:28, 11 April 2024
• Counterparts
  ...to print out that extra four lines of text — and our children’s children, who will expire on a desiccated savannah we once knew as Tottenham Hale as a re Have some professional pride, fellow [[Legal eagles|eagles]]! Dare to know your stuff! Have no truck with this timid nonsense.
  4 KB (562 words) - 14:50, 4 April 2024
• Cultural appropriation
  ...istic situations in a way that makes no sense at all to anyone but — well, those paragons of the western intellectual tradition: the [[libtard]]<nowiki/>s. ...er good ideas and — ironically — ''forgot to copyright it''.<ref>I know, I know, patent, not copyright: but patents only last for 15 years, and are really
  4 KB (568 words) - 14:45, 28 August 2023
• Performative governance
  ...Jacobs}}, {{author|W. Edwards Deming}}, {{author|Jane Jacobs}} and others who have been articulating these ideas for seventy or more years — but ''sinc
  4 KB (523 words) - 15:51, 15 June 2023
• Promotion at random
  ...game of competition of ''ostensible'' strategy, but where the competitors know only the general objectives of the game ahead of time (survive to the end t ...’ company. This would, of course, spoil the spectacle totally for viewers. Who wants to watch a bunch of random strangers having a nice time in a Scottish
  4 KB (617 words) - 23:16, 14 January 2024
• Look, I tried
  ...s have passed are not. Each has its own team of assiduous [[legal eagle]]s who will demand ever-higher standards of prudence from their onward counterpart Deep down, everyone will know that this fellow has not the faintest intention of ever asking about your e
  4 KB (580 words) - 18:09, 2 May 2024
• The Infinite Game
  The greatest tragedy will be if Sinek, who doubtless has a knack for popularising, wipes out Carse’s original, becau
  3 KB (569 words) - 14:08, 2 December 2023
• Limitation of liability
  ...versions: auditors, consultants, lawyers and like-minded service providers who with one hand [[Rent-seeking|extract rent]], and with the another deny liab ...h fearful of the terrible calibre of one’s own drafting — shouldn’t one ''know'' whether the agreement contains an “explicit liability”, since one dra
  4 KB (602 words) - 16:21, 29 April 2024
• Incluso
  ...n illustratively ''repeats'' it, bearing useful confirmation only to those who enjoy miscellany or are afflicted by [[profound ontological uncertainty|dou ...on of collateral and professional fees ([[including, without limitation]], those of its legal, accounting, tax and other advisors) ...)”''
  4 KB (565 words) - 14:35, 23 June 2023
• United States v Connolly and Black
  ====Those [[embarrassing emails]]==== ...The causal chain is now known, the prevailing contingencies at the time of those communications have now crystallised, and we can review them with 20:20 hin
  8 KB (1,307 words) - 11:20, 7 April 2024
• Deal fatigue
  ...he universe”) and those poor souls — [[subject matter expert]]s, usually — who are compelled to follow that policy curve are trapped, wrung out and plaste
  4 KB (577 words) - 15:24, 21 July 2023
• The Unaccountability Machine
  Lest thee with surety know aught else —<br> ...management — you hardly need an advanced degree in operations research to know these days, there’s a lot of it — exists specifically to prevent [[bad
  13 KB (2,159 words) - 16:52, 6 May 2024
• Simulation hypothesis
  ...zations so that virtually none contains any relatively wealthy individuals who desire to run ancestor-simulations and are free to do so. If (3) is true, t ...perhaps, why intelligent people like [[Neil deGrasse-Tyson]] who ought to know better — fall for it.
  12 KB (1,916 words) - 19:23, 10 December 2023
• Force majeure
  A [[magic incantation]] designed to keep those unpredictable contingencies that the natural world tends to throw at us at ...icissitudes — amusing ''to those preparing legal contracts'', that is, not those actually ''suffering'' them — but modern approach is far more utilitarian
  4 KB (616 words) - 16:10, 27 December 2023
• Bayesian prior
  The quality of those playwrights in a given sample will be normally distributed; and <li> “Knowing what you know now, would you reconsider?”}}
  9 KB (1,464 words) - 17:15, 2 April 2024
• Sharpened stick
  ...om your writing, and make it harder to read, they often obscure (or fudge) who is responsible for
  9 KB (1,408 words) - 11:09, 5 July 2023
• Absolute discretion
  ...t ''whose fault it will be'' should any of them be visited upon you, and ''who said you could go ahead''. They will fret less about the consequences shoul
  5 KB (765 words) - 13:31, 30 September 2023
• United Kingdom
  ...ion. If it is true, this is a smart idea, as it allows individual states — who wage their own internal battles of form and substance — to hold onto thei
  4 KB (701 words) - 07:53, 20 September 2023
• Deed
  ...r drafts of the docs to the finalised ones and expect to get away with it. Who executed ''draft'' versions of legal documents? Search me — well, tax dod
  4 KB (600 words) - 14:00, 15 June 2022
• Can’t we just ask the regulator?
  ...lations have grown in scope, density, interrelation and complication since those mad, dreamy Eighties days when rules were for birds and the Randian spirit This rule says no-one may not stifle “whistle-blowers”: citizens who wish to give the [[Securities and Exchange Commission|SEC]] information abo
  14 KB (2,312 words) - 12:35, 20 January 2024
• Finite and Infinite Games
  ...ight to the death, so you can be forgiven for being preoccupied. Since you know where you may go, what you may do, and when it must end, it is possible to In any case, it is important in life to know when you are playing a finite game, and when you are involved in infinite p
  24 KB (3,866 words) - 10:55, 21 February 2024
• Let’s go straight to docs
  ...ckly, without ceremony and ''without lawyers''. These women and men should know their onions and therefore should trust themselves to agree commercial term ...ight to docs” is a deal counsel’s high wire act, only it is her [[client]] who must do without a safety net. To be sure, the first cut of a [[Indenture|tr
  4 KB (715 words) - 15:26, 27 October 2023
• Bonus
  That money she provides can be used to buy ''[[servant]]s''. These are people who will supply their labour, time and effort. In the modern argot, we call the
  4 KB (706 words) - 09:15, 25 April 2024
• Entire agreement clause
  ...so presumes that, having done so, they will have successfully memorialised those terms in prose that speaks with utmost clarity and comprehensivity, to the ...o oral modification]]” clause, if you are incautious enough to want one of those.
  5 KB (712 words) - 10:00, 18 July 2023
• The future of office work
  ...ses great and small, ''coped''. (It rather begs the question what good all those strategies, consultants, [[change manager]]s and [[BCM]] programmes do, but
  27 KB (4,418 words) - 20:16, 9 November 2023
• LIBOR rigging
  ...expect a basic bank’s LIBOR submissions to reflect that. But a swap trader who is “long” floating rates will wish floating rates to go ''higher''. ...we venture, was not wildly present in the minds of the Sir Bufton Tuftons who formulated the LIBOR rules that defined how submitting banks should choose
  10 KB (1,703 words) - 10:55, 10 April 2024
• Evolution by natural selection
  ...mponent of the greater whole.<ref>Though, come to think of it, what — or ''who'' — might ''that'' be?</ref> Dear COO: your job is to ''protect'' your fi ...re best suited to the prevailing environment — this will happen naturally; those variants that are less suited will, [[ipso facto]], fare worse and eventual
  10 KB (1,568 words) - 08:19, 3 October 2023
• Outstanding
  ...which is not beyond our learned fiends to complicate. Now, here is one of those times that the JC sides with the machines. :(a) those that have been redeemed in accordance with the Conditions;
  5 KB (789 words) - 16:29, 18 September 2023
• Never Let Me Down
  While, for diehard fans, it was lovely to know that your hero was feeling so much better, by 1987 you started to wish he'd ...ost mercurial and gnomic forces in 20th-century culture? How was Rourke to know that his contribution, an anti-drugs rap (Oh, Irony!), would forever be the
  4 KB (707 words) - 13:26, 2 February 2024
• The Death and Life of Great American Cities
  This contrarian, “bottom-up” thesis is simple: those on the ground generally understand their own predicament better, and are be ...day, bars by night, ensure that the street are constantly over-watched by those natural proprietors. School children should interact with shopkeepers and p
  10 KB (1,530 words) - 14:59, 2 January 2024
• Everyone is fighting a battle you know nothing about
  {{image|Okay|png|}}{{image|Okay 2|jpg|It’s okay to judge people who lie down for meetings.}}}}{{quote| {{Shitmaxim|Everyone is fighting a battle you know nothing about}}.
  11 KB (1,820 words) - 16:56, 28 February 2024
• Insolvency
  ...all its liabilities including prospective and contingent liabilities ''(I know what you’re thinking by the way — the highest court in the land isn’t ...s are entitled to apply to the court for the appointment of a [[receiver]] who will liquidate your assets, determine your liabilities, and distribute the
  5 KB (845 words) - 19:27, 4 February 2024
• The Long Tail: How Endless Choice is Creating Unlimited Demand
  ...gions of young investment bankers, now deceased, made a similar mistake in those first few giddy months of the new millennium before the bubble burst. I can Well, those young bankers, and their clients, got burned, and even now their successors
  5 KB (858 words) - 12:39, 19 November 2023
• Limited recourse
  ...blow up, but that’s hardly the [[espievie]]’s fault. How is it supposed to know? It is a harmless little [[Open-ended investment company|otter-like creatur ...ment of creditors in insolvency. The Archegos situation (which as far as I know didn’t involved limited recourse, by the way) illustrates this dynamic pr
  15 KB (2,470 words) - 08:50, 22 September 2023
• Iron Mountain
  ..., it will come for you. You will not know when, where or why, but you will know it when it does. You will collect your worldly things, your precious bauble ...t shall be you, for it is thine handmaiden of dreck. And they will destroy those vain memorials to your works: they will tear them, brick from brick, until
  5 KB (837 words) - 07:50, 25 May 2023
• Legal opinion
  ...fact, several) — the effectiveness of security ([[security]] being one of those things beset with tripwires and [[magic words]]) and the effectiveness of p ...hey are not fortune-tellers. But lawmakers are often none of these things. Who knows what madness the estates of sovereign government will rain upon our h
  5 KB (796 words) - 12:42, 11 January 2024
• The Gathering Storm: An Opco Boone Adventure
  ...fellow be a minion all his days?<br>All the folders — this information<br>Who knew a bank could [[set-off]] in oh, so many ways?''}} ...e legal ninja moves. he has to put a stupefying move on Roly so he doesn't know. Barber continues to get roly out of trouble, roly wakes up and assumes it
  4 KB (697 words) - 22:08, 30 April 2023
• Sovereign immunity
  {{a|negotiation|{{image|Percy and Queenie|png|[[Percy, who’s Queen?]] }} }}Why would an entity — regardless of its absolute execut There is ''no'' good reason, except “[[Percy, who’s Queen?]]”
  6 KB (933 words) - 07:52, 28 June 2023
• Consequential loss
  ...ental. As this is a [[breach of contract]], Peggy, ah, sued.<ref>I know, I know: laborious set-up; disappointing pay-off. It doesn’t matter anymore.</ref ...t. Also, she could have used the car herself, and earned money as, I don’t know — a limo driver.
  6 KB (921 words) - 16:58, 22 December 2023
• Key non-performance indicator
  ...egal eagle|legal eagles]]}} — especially [[Inhouse counsel|inhouse ones]], who struggle to show their worth at the best of times — there is a serious po
  5 KB (773 words) - 14:17, 22 March 2024
• Pareto triage
  ...enty percent of your customers, and ''vice versa'' — which is just one of those unfortunate, immutable characteristics of any large group of uneven numbers ...eping it — and instead concentrating on that lovely twenty percent segment who bring in all the rest of our income. }}
  6 KB (968 words) - 19:57, 18 October 2023
• Substance and form
  Dust those who seek the substantive business of the organisation are typically underqualif
  5 KB (795 words) - 07:08, 3 September 2023
• Severability
  ...s an added frisson that some of you might find strangely ''satisfying''. I know I do. ...ula esse|not ''dicks'']] — then the [[JC]] knows where he’d rather be, and who he would rather be trading with.
  6 KB (944 words) - 16:43, 14 December 2023
• Magic circle law firm
  ...ad to disappointment, particularly among the sunshine-loving trading folk, who naively expect a draft promised “today” to arrive during the hours of d
  5 KB (836 words) - 12:59, 19 December 2023
• David Lange: My Life
  ...ing one which Lange took on in 1984, one can only tip one’s hat to the man who actually did start that process rolling and acknowledge this very personal
  5 KB (851 words) - 16:12, 6 March 2024
• LIBOR rigging part 2
  ...g their derivatives trading teams in the LIBOR setting process. Tom Hayes, who traded Yen LIBOR swaps in Tokyo, was but one. Though in his mid-twenties at ...he “deliberately disregarded the “''proper basis''” for the submission of those rates”.
  27 KB (4,345 words) - 21:37, 10 April 2024
• Bitcoin is Venice
  For anyone who wants to hold forth on [[cryptocurrency]], for or against — and in financ ...d pervasive fraud in the cryptocurrency sector. The authors might well say those issues are well canvassed elsewhere, and this is true, but to not mount any
  29 KB (4,665 words) - 17:52, 11 May 2024
• Recursion (Book)
  ...of it is just stupid. How does an elevator “belie the age of a building”? Who honestly gives a shit that Barry’s ears pop — at least make it a nose b ...sion with shoes? Does it matter that his phone is on silent? Do we need to know about the handle? No.
  12 KB (2,066 words) - 14:53, 22 March 2024
• Finance contract
  ...fact, almost certainly will — feel a deep resentment and disappointment at those you engage to carry out your loft extension, as the fourteenth month passes ...inance contracts have lots and lots of [[boilerplate]] aimed to keep those who are owed money-like things safe.
  13 KB (2,069 words) - 16:55, 14 December 2023
• Employment derivatives
  In one of those ironies to whose martial cadence our lives keep bitter time, before he coul ...lead the client money remediation workstream if you take all our clunkers? Who will manage our [[risk taxonomy]]? Unless we pay ''your'' stupid rates, whi
  15 KB (2,387 words) - 16:35, 25 April 2024
• Alchemy: The Surprising Power of Ideas that Don’t Make Sense
  The idea that there even ''is'' a single right answer, let alone that you ''know it'', hails from a profoundly [[deterministic]], [[reductionist]] world vie ...n which Sutherland invokes the impish figure of {{author|Paul Feyerabend}} who, with {{author|Thomas Kuhn}}, is one of the JC’s favourite contrarians in
  6 KB (955 words) - 10:03, 9 November 2023
• The Armourer: An Opco Boone Adventure
  “Limited scope, no affiliates, need to know. It looks good, sir. Plus points: it’s sleek, measured, nice [[Infinite b ...his. There’s a general [[indemnity]]. That’s mad! Who the hell fits one of those onto a ''confi''?
  15 KB (2,464 words) - 15:48, 24 October 2023
• Utopia
  ...D|Utopia|/juːˈtoʊpiə/|n|}}The [[apocalypse]], if you’re the sort of person who sees the glass half-full. The [[singularity]]. [[Nirvana]]. ...l tend to converge on existing archetypes, mythologies, stories we already know. These help us imagine a hypothetical utopian/dystopian state.
  13 KB (2,113 words) - 23:27, 1 December 2023
• The alpha dens
  It was like the goddamn stuff was self-aware: it seemed to know they were looking for it. It saw them coming and vamoosed. They taped the l “Our last five years were gangbusters. So, you know —. Oh, and by the way: past performance does not indicate future results.
  17 KB (2,861 words) - 17:08, 29 March 2024
• Debt: The First 5,000 Years
  ...late. But rather than this reducing late pick-ups, average delinquency in those centres ''doubled''. What happened? Gneezy surmises: the fixed penalty put
  7 KB (1,068 words) - 14:09, 25 October 2023
• Reductionism
  Bunk, but it provides succour to [[digital prophet]]s and [[thought leader]]s who foresee a world of [[technological unemployment|robot-assisted leisure]], a ...tatic and unalterable. It is dead. Our future experience is, as far as we know, none of these things.
  7 KB (1,183 words) - 14:52, 12 January 2024
• Something for the weekend, sir?
  ...that average reflects the priorities and values of the individual readers, who are not the same. Some might buy the times —and therefore judge it — f ...that some part of its asset base was liable to default. It didn't need to know which part; it could manage actuarily on the assumption that, say, 5% of a
  21 KB (3,372 words) - 17:13, 22 December 2023
• Rehypothecation
  ...sh lawyers were, that doesn’t make literal sense. U.S. attorneys, I fancy, know it. They will regard you beadily should you ask them to explain it, and wil ...s an expensive business. If the [[prime broker]] can raise finance against those (for example by using them as [[collateral]] under a [[securities financin
  8 KB (1,312 words) - 14:38, 15 June 2023
• Event of default
  ...o us that, whether we agree to this or not, as a philosophical matter, she who breaks a contract is in no position to insist on her counterparty observing
  8 KB (1,321 words) - 12:12, 16 January 2024
• Contractual risk
  Only ''some'' of those risks demand greater acumen from our legal friends. ...other party in breach of law or regulation? Whose fault is it if it does? Who bears liability? What are the consequences? Can these consequences be ameli
  8 KB (1,228 words) - 18:10, 1 February 2024
• Sign Here: The Enterprise Guide to Closing Contracts Quickly
  ...sign, but in calling his book “sign here”, and not “everything you need to know about designing commercial legal process in the twenty first century” {{a We [[legal eagles]] ''think'' we know what is important: [[Indemnities]]. [[Events of default]]. [[Governing law]
  8 KB (1,268 words) - 15:32, 2 February 2024
• GameStop
  ...’m''on''. There are rational bounds to which no stock can go. Well, we now know this not to be quite so obviously the case. The internet can stay irrationa ...Carl Icahn is the signature dish of that fight — and there is it a case of who has the bigger pile of chips. But if you are shorting against a meme stock
  8 KB (1,230 words) - 15:04, 20 July 2023
• Financial instrument
  ..., in other words — except through the [[Agency problem|agency]] of someone who will deduct a fee from the proceeds of your investment for the privilege. A whole world of [[tedium]] under [[MiFID II]]. Defined, as “those instruments specified in Section C of Annex I” which are set out in the p
  9 KB (1,356 words) - 08:46, 4 July 2023
• Definitions
  ...let’s face it: if you work in international finance and you don’t already know what “[[ERISA]]” means, you really need to [[get your coat]]. ...he beneficial interest in the assets underlying the note. (Well, you never know, right?) You might call this the “BIE Option”. Sure, it’s confusing,
  9 KB (1,415 words) - 09:32, 5 March 2024
• The Atlantis Variation
  ...ea and terabytes of [[Tedium|tedia]] — were lost to history. We now do not know what the agreement said, how it said it, or indeed whether the agreement re :''All those moments will be lost in time, like payments in kind.''
  8 KB (1,219 words) - 21:29, 31 January 2024
• SIV Endgame: An Opco Boone Adventure
  ...is a detachment of SICAVs help captive by enemy stocklending counterparts who are using it as a cheap source of sales credits. Bundie addressed the line. “Okay, lads, this is it. Anyone who wants can stay —”
  24 KB (4,011 words) - 22:11, 30 April 2023
• Opco Boone Idea Bank
  “There’s only one way out of here. We’ll know when they come out. Eyes peeled, lads.” ...g water, swathing lights. No other tenants. Punchface keeps seeing figures who shouldn’t be there. When he hails them they disappear into the fog.
  28 KB (4,810 words) - 11:57, 3 April 2024
• Artificial intelligence
  ...s endorsements of people you once met at a [[business day convention]] and who have just [[share]]d the stimulating time they’ve had at a [[panel discus ...ties of machines to ''appraise'' ourselves on how good we are at things we know machines excel at. And then we are surprised, and alarmed, when machines ca
  12 KB (1,917 words) - 21:09, 1 January 2024
• Reasons to hope we are in a post truth world
  ...eans zero, trust). There are conventions on the tube. Where you can stand, who gets to sit, what one should and should not do (don't talk!). There are sub ...Externalities. Fairness of opportunity. The exclusion from “the guilds” of those at the margins. The guilds have updated themselves. ''This is how complex s
  13 KB (2,110 words) - 13:46, 13 April 2024