06 March 2014

Winner by TKO...

"In today's fights over financial reform, the advantage goes to those who hold the low ground, the underground, the dark room where a rule can be modified in ways only a small handful of experts can follow. These are the battles the banks can win."

That's from Jesse Eisinger's DealB%k column today. You should read up on it.

The point, made here on more than one occasion, is that events trump data whenever the two conflict. Unlike data from the physical sciences, data from human processes is subject to the whims of Goliath. And, unlike in that Bible story taught in Sunday School, Goliath nearly always wins.

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