Brilliant analogy and the concepts apply so well to what is happening politically, and to the financial service industry - also health care. Yes, ETFs used to be White Hat- even the leveraged and inverse variety as you showed with your ad comparison. Derivatives always have been plagued by bad player damage (and I have the war wounds to show for it.), but ETFs were clean. Not so much anymore and this makes our job as strategists and educators harder and more necessary. I call it the Wild West - which comes with those black and white cowboy hats. “Who shot the sheriff?”
Drama much? What a bunch of myopic drivel.
Well said. (FWIW, I was a long-time member of the staff of the SEC's Division of Investment Management.)
Ouch. Real. Thanks Dave.
Powerful. This really made me think.
Instead of white/black I wonder if we shouldn't think more in terms of fox and hedgehog (my ref here is On Grand Strategy - Gaddis)
Brilliant analogy and the concepts apply so well to what is happening politically, and to the financial service industry - also health care. Yes, ETFs used to be White Hat- even the leveraged and inverse variety as you showed with your ad comparison. Derivatives always have been plagued by bad player damage (and I have the war wounds to show for it.), but ETFs were clean. Not so much anymore and this makes our job as strategists and educators harder and more necessary. I call it the Wild West - which comes with those black and white cowboy hats. “Who shot the sheriff?”