Ah, yes. The old "God tells me how to invest." Once covered a trial of a marriage counselor/pastor/heavy contributor to his Baptist chuch in South Carolina who got his family - wife, kids - and clients to invest in a gold mine. Literally. FBI finally caught up to him. The trial was for fraud. He claimed he'd come upon his investing plan by opening the Bible to a page that talked all about gold. And knew it was a "sign." For everyone. But I don't think the Bible mentioned 'salting' a gold mine, which is what he conspired with other to do to get more people to invest. It's also instructive to recall, the Rev. Sung Myung Moon was also Korean...
The sentence seems way too long. Unlike Bankman, Hwang didn't take money from any real humans. The bankers who lost money have staffs of analysts to check out bets. They decided to take his bets. Their problem.
Ah, yes. The old "God tells me how to invest." Once covered a trial of a marriage counselor/pastor/heavy contributor to his Baptist chuch in South Carolina who got his family - wife, kids - and clients to invest in a gold mine. Literally. FBI finally caught up to him. The trial was for fraud. He claimed he'd come upon his investing plan by opening the Bible to a page that talked all about gold. And knew it was a "sign." For everyone. But I don't think the Bible mentioned 'salting' a gold mine, which is what he conspired with other to do to get more people to invest. It's also instructive to recall, the Rev. Sung Myung Moon was also Korean...
Love "Not even God tries to time the market."
One of your best, Al.
Grazie, Ciro. Happy Thanksgiving.
The sentence seems way too long. Unlike Bankman, Hwang didn't take money from any real humans. The bankers who lost money have staffs of analysts to check out bets. They decided to take his bets. Their problem.
Yeah. Maybe God was using Hwang to punish the banks. I'm not universally against victim blaming: They got what they deserved.