Matt levine is clickbait for people who know nothing about wall street. Anyone who actually knows anything about wallstreet ignores the guy
Matt Levine makes sense of Wall Street like none other
181–190 of 199 posts
Re: Matt Levine makes sense of Wall Street like none other
#182I especially liked his column about the college admissions scandal, and it wasn't that it was unfair, it was that it was theft . Theft from the colleges. Because you know, they already sell their admissions: https://www.bloomberg.com/opinion/articles/2019-03-13/you-ha... Here is one thing that U.S. Attorney Andrew Lelling said in announcing the charges: “There can be no separate college admissions system for the weal…
Universities are non profits and those buildings are usually scholarships for a lot of people who can't afford university and/or research grants to help solve very important problems. Matt Levine is an idiot.
Re: Matt Levine makes sense of Wall Street like none other
#183Matt levine is clickbait for people who know nothing about wall street. Anyone who actually knows anything about wallstreet ignores the guy
Can you be more specific about what he gets wrong? I don't have much of a preconception here, I've found him interesting/fun at times and been put off by his glibness at other times. But I'd like to know if there are specific knocks on his credibility.
Re: Matt Levine makes sense of Wall Street like none other
#184Earlier quoted context omitted.
He's IMO a perfect example of the intractability of the "fake news" problem. It's not that there aren't high quality news sources out there, like Matt Levine, it's that the market (in the form of folks willing to pay for it) isn't there. (Maybe it's technology? Micropayments still aren't effectively a thing?)
The market for Levine is certainly there. He could easily clear 7 figures on Substack.
Why substack? Wouldn’t Wordpress / namecheap do the trick? Why would he need a discovery platform?
Re: Matt Levine makes sense of Wall Street like none other
#185Earlier quoted context omitted.
This is a good example of what corruption in America looks like. America enjoys a reputation of being a rather non-corrupt country. To large degree, this is true: bribing scandals are rare, and most Americans would be completely aghast at the idea of passing an envelope under the table to the official who is responsible for issuing building permits. Instead, the corruption in the US operates through completely transp…
It’s pretty benign when you think about it. Rich, successful people creating public goods so that their less-brilliant children can save face. What better trade-off are we going to get?
First I thought you’re trolling but after seeing your replies you’re not.
Your views are so simplistic and one-dimensional even an Hollywood executive wouldn’t buy it.
There’s a spectrum of “rich successful” people, many are rich but not “successful” in the way you like to believe, spend 5 minutes around them and it’s easy to know.
Also, what’s up with that “less-brilliant children” saving face statement?
Re: Matt Levine makes sense of Wall Street like none other
#186Earlier quoted context omitted.
Examples of worse outcomes? I mean, it sounds like you're saying rich people will find alternative ways to undermine integrity, so we should lessen the path of resistance and just accept it. I am not sure why anyone would be okay with that.
Do you foresee a future where rich and powerful people don't routinely get what they want? That would involve redefining what it means to be rich and powerful. The US's strategy of funnelling the power through visible, legal channels with some levels of consistency is by far the best. If they want their kids in prestigious universities then that is what will happen. There isn't an alternative where the powerful shrug…
At one point, a thing called the Magna Carta was arrived at for just such a purpose. One might say that redefining what it means to be rich and powerful, is normal.
Re: Matt Levine makes sense of Wall Street like none other
#187I especially liked his column about the college admissions scandal, and it wasn't that it was unfair, it was that it was theft . Theft from the colleges. Because you know, they already sell their admissions: https://www.bloomberg.com/opinion/articles/2019-03-13/you-ha... Here is one thing that U.S. Attorney Andrew Lelling said in announcing the charges: “There can be no separate college admissions system for the weal…
This is a good example of what corruption in America looks like. America enjoys a reputation of being a rather non-corrupt country. To large degree, this is true: bribing scandals are rare, and most Americans would be completely aghast at the idea of passing an envelope under the table to the official who is responsible for issuing building permits. Instead, the corruption in the US operates through completely transp…
Hmm. I can't agree with you on America having a reputation as a non-corrupt county. From an outsider's perspective the entire political lobbying system in America reeks of corruption and bribery.
Re: Matt Levine makes sense of Wall Street like none other
#188Earlier quoted context omitted.
Examples of worse outcomes? I mean, it sounds like you're saying rich people will find alternative ways to undermine integrity, so we should lessen the path of resistance and just accept it. I am not sure why anyone would be okay with that.
Rich people can buy things with their money, that’s sorta the point. One of those things is a college admission. Whose integrity is compromised when a college trades an admission slot for a building?
This isn't just for a building, but lesser donations can also potentially gain favor. There should certainly be disclosure if someone is getting favorable treatment due to money. If it's a public institution, it should not be possible at all.
Re: Matt Levine makes sense of Wall Street like none other
#189Earlier quoted context omitted.
Examples of worse outcomes? I mean, it sounds like you're saying rich people will find alternative ways to undermine integrity, so we should lessen the path of resistance and just accept it. I am not sure why anyone would be okay with that.
Do you foresee a future where rich and powerful people don't routinely get what they want? That would involve redefining what it means to be rich and powerful. The US's strategy of funnelling the power through visible, legal channels with some levels of consistency is by far the best. If they want their kids in prestigious universities then that is what will happen. There isn't an alternative where the powerful shrug…
Again, the argument is that rich people should be allowed to be corrupt and there is no way to stop them, which is garbage. Firstly, stop stating it's "best" or like OP noting it as "success".
Let's tax the rich more and give everyone access to higher education, even the playing field out. Yes you can redefine what rich means, and what poor means, over time through policies.
That last part sounds like almost a threat regarding what rich people might do if you block their corrupt behavior. That's already a sign there's a problem with the power dynamic here.
Re: Matt Levine makes sense of Wall Street like none other
#190Earlier quoted context omitted.
The market for Levine is certainly there. He could easily clear 7 figures on Substack.
Why substack? Wouldn’t Wordpress / namecheap do the trick? Why would he need a discovery platform?
Substack would serve as a billing/subscription management platform for him, not discovery.