>>moored+(OP)
> Block Trading—Block trades create a massive temptation to leak information, and once this becomes a habit, it's a very bad look.

Funny you should mention Block Trading... this Matt Levine just dropped...

https://www.bloomberg.com/opinion/articles/2024-01-16/morgan...

>>diggin+hs
"Ruthless, cunning, deceiving" are very different from "machiavellianism, narcissism, psychopathy" of the dark triad. And are we saying that definitive driver of execs success is due to having all these traits?

I am not trying to nitpick, and this is totally offtopic from the rest of the thread, but suggesting that huge group of people is more "successful" due to being evil, narcissistic, deceiving, [insert any other trait] seems to be a major bias in itself. Especially if the root cause is having strong emotions due to that group's role in modern society.

OP even jumps from averages and statistics down to making personalised conclusions ("who wants to have a beer with their CEO?"), which is textbook confirmation bias[0].

Unfortunately, I see this kind of argument often here on hacker news.

0 - https://thedecisionlab.com/biases/confirmation-bias

>>pohl+Zj1
> In Chicago, for instance, we’ve gotten a foretaste of the new breed of foundation-hatched black communitarian voices; one of them, a smooth Harvard lawyer with impeccable do-good credentials and vacuous-to-repressive neoliberal politics, has won a state senate seat on a base mainly in the liberal foundation and development worlds. His fundamentally bootstrap line was softened by a patina of the rhetoric of authentic community, talk about meeting in kitchens, small-scale solutions to social problems, and the predictable elevation of process over program — the point where identity politics converges with old-fashioned middle-class reform in favoring form over substance. I suspect that his ilk is the wave of the future in U.S. black politics, as in Haiti and wherever else the International Monetary Fund has sway.

https://solidarity-us.org/pdfs/cadreschool/reed3.pdf

>>IngoBl+Kp
Reading this, one concept just keeps ringing in my ears: learned helplessness[1]. As it happens you really do have a fair bit of control over your life. How you choose to live it, what you buy and what you don't, and whether you submit to the persuasion trickery that calls itself news and entertainment—that's all up to you. Your choices really do matter. I can't promise you that they'll drive the kind of macro change you might like to see, but I can assure you beyond all doubt that waiting for companies, governments, and established propagandists to do it for you certainly won't.

[1] https://en.wikipedia.org/wiki/Learned_helplessness

>>slily+Fn
I'm not from the US so I am admitting to being somewhat ignorant here but my understanding is that Banking Consumer Protection laws (and attitudes) are very different in the US at least when compared to where I live (Australia).

Here there is a huge amount of public pressure to regulate behavior of banking sector targeting things like deceptive practices, predatory lending etc. See for example the 2017 Royal Commission (https://en.wikipedia.org/wiki/Royal_Commission_into_Miscondu...). The conservative government fought tooth and nail against and were heavily pressured into it due to massive public support for it.

I am unsure what the US equivalent of a Royal Commission is (it is essentially a Public Enquiry with the power to compel witnesses to give evidence under oath and investigative powers to gather evidence etc.) I don't think the same kind of attitude exists for a targeted investigation into the US banking sector, at least the messaging we get over here is US is very against stricter regulations.

>>latchk+lo
https://archive.ph/NzwBk

>>jacobo+611
10%: $168k

5%: $336k

1%: $819k

0.1%: $3.3m

The income curve is a hockey stick that goes vertical at the far right side and it keeps getting steeper over time. https://www.investopedia.com/personal-finance/how-much-incom...

>>mitchb+lp2
https://gitlab.com/magnolia1234/bypass-paywalls-chrome-clean

>>wharvl+3s
This is called menu pricing and is a way to segment your market [0]. It is used to separate high and low demand consumers. If you are on the low end of demand it will tend to extract most of what you are willing to pay.

[0] https://www.cambridge.org/core/books/abs/industrial-organiza...

>>jeffre+tc1
I think this is almost a "not even wrong"* situation.

* https://en.wikipedia.org/wiki/Not_even_wrong