re: #315 Cato the Elder

Effectively, MBAs and their tame mathematicians do make laws, or at least figure out how to get around them.

Finance is now so arcane and computerized that the SEC has about twenty years’ worth of catching up to do before it understands what’s going on today.

By which time they’ll be another twenty years behind the eight-ball.

is it arcane or tame? are the MBA’s smart or dumb? you’re confusing me.

if it’s arcane, then some MBA’s are whipsmart and it’s their ethics you truly question, not their efficacy.

if they’re tame, then this can’t be very arcane, at which point i wonder why it would take anyone 20 years to catch up?