This talk outlines a fictitious story of the rise and fall of a tech company
single flaw is inexorably punished by remorseless fate
it is hard for an empty sack to stand upright
<<< a profession and a nation that allow unsound accounting for management cost are leaning in the same moral direction as the group that leaves most of the steel out of the concrete in erecting high rise apartment buildings <<<
The story of "Quant" is
- a stable copany is build on good engineering and business principles,
- found dies
- 20 years of growth virtually guaranteed
- new leadership uses accounting to pad the #'s
- eventual disgrace