sfrechtling
Joined 13 years ago
Joined 13 years ago
The only thing I can add is that this view is common throughout history - think Shylock in the Merchant of Venice. The stereotype of Jewish people as being involved in the processes of finances and money lending may have been one seed for this.
Every single point made has an element that can be applied to any organisation and career; Productive workers understand the context of business ("Good PMs take all important factors..."); successful workers solve the issue, not the symptom ("Good [PMs]...proper deeper into the [problem]"). Sometimes I look back at my annotated pages and score myself about whether I fall to "Bad" or to "Good". I'm still working at it.
I urge everybody to read, and apply this to their own careers. Don't pigeonhole this document just because it is defined as important to product managers. I see this as just as influential as Ray Dalio's Principles (http://www.bwater.com/Uploads/FileManager/Principles/Bridgew...)
Economic capital takes into account the particulars of individual companies, while regulatory capital takes a broad brush approach. In reality, using reg capital leads to set ratings without taking into account the actual risk of the asset to the company. I would argue that the best approach would be economic capital as the main capital calculation with review and monitoring by regulators of the model and its assumptions.
However, the film makers have claimed to use Elon Musk as inspiration for Tony Stark in the new Iron Man movies (http://www.telegraph.co.uk/technology/news/10544247/Meet-tec...)