Template:Apocalypse maxim: Difference between revisions

Let us coin a [[maxim]]: “[[before an apocalypse becomes an apocalypse, it doesn’t look like an apocalypse|before an apocalypse ''becomes'' an apocalypse, it doesn’t ''look'' like an apocalypse]]”. The studied, logical outrage vouchsafed by one in the entirely riskless position of twenty-twenty hindsight ''was not available to those on deck at the time''. No-one ''knew'' or — at least until it was too late, even ''believed'' — Archegos would become Archegos. The decision calculus was nowhere near as obvious as it appears in the rear-view mirror: if it had been, ''the catastrophe would not have happened''. Archegos’ positions may have rallied.

Furthermore, it is one thing to have a legal right to pull your trigger, it is quite another to resolve to use it. ''Especially'' if you don’t know how this all will play out. ''After'' the event there was only ever one option. ''Before'' it, there were twenty million dollars of annual revenues at stake. The decision to blow up a key client is not one many individuals will be prepared to make on their own. Institutional [[Escalation circle|escalations]] are time consuming, fraught, intimidating things. To recommend affronting a platinum client is to invite a shellacking from someone along way further up the tree than you are. If these are your options, is it any wonder a risk manager will dodge the hard questions?