Bell Curve The Law Talking Guy Raised by Republicans U.S. West
Well, he's kind of had it in for me ever since I accidentally ran over his dog. Actually, replace "accidentally" with "repeatedly," and replace "dog" with "son."

Wednesday, November 26, 2008

Did the Dinosaurs Fail?

The dinosaurs ruled the Earth far longer than any that have come after them, including the birds (now believed to be their descendants). They are no longer here, but they lived very well during their time and by almost any measure they were a great success.

Citigroup, Lehman Brothers, Merrill Lynch, AIG, and the others may not survive the mortgage crisis. They may go extinct or be forced to evolve into smaller and lighter firms. But they made incredible amounts of money for their investors and by almost any measure they were a great success.

A better analogy might be the saber-toothed tiger. Saber-toothed tigers evolved and re-evolved many times: Each time they gradually became dominant, their teeth getting longer and longer, until they finally undid themselves when their teeth became too long to sustain.

Just because something comes to an end does not mean it was unsuccessful, especially insofar as its original investors are concerned. And runaway adaptations are not necessarily aberrations, but can be normal patterns in an evolutionary process. Just something to think about.

1 comment:

The Law Talking Guy said...

It's certainly true that some of the bigger dinosaurs had brains the size of walnuts. That's an apt analogy here.