What Went Wrong? The Financial Professionals
Big Think sat down with hedge fund managers Peter Thiel and Marc Lasry this week to talk about the role of financial professionals in the economic crisis. They both had interesting things to say about hedge funds, especially as they relate to leverage and regulation. Peter Thiel believes there is a misplaced focus on regulating hedge funds when the real problem lies with hidden leverage. Marc Lasry explains his belief that hedge funds should have no oversight.
Thiel also touches upon the situation in Dubai articulately, pointing out that it could be the start of a greater phenomenon where we stop giving money to the “bad guys.”
And while Lasry thinks we’re all to blame for the economy in peril, Thiel ventures to say, when asked why so many people failed to recognize an $8 trillion housing bubble, that Baby Boomers could be the dumbest generation yet.
Will we emerge from this downturn with more innovation than we had going into it? Thiel isn’t so sure. He believes that our focus on financial innovation is misguided, and that we should be directing our efforts toward technological innovation. The reason we’re not? “Policy makers are living in the dark ages.”
- Acosta will be allowed to return to the White House on Friday.
- The case is still open, and the administration may choose to appeal the ruling.
Progressive America would be half as big, but twice as populated as its conservative twin.
The definition of a kilogram will now be fixed to Planck's constant, a fundamental part of quantum physics.
- The new definition of a kilogram is based on a physical constant in quantum physics.
- Unlike the current definition of a kilogram, this measurement will never change.
- Scientists also voted to update the definitions of several other measurements in physics.
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