The Daily Planet #28: Wounded Lions

Existential risk is an evergreen topic here at the Daily Planet - and one that's haunted the post-war era. Not surprising since nuclear weapons as well as climate change are widely considered extinction level risks.

Which leads me to the question animating today's Daily Planet: should we have a class of planetary risk takers?

Evidence from the Stock Market is inconclusive, but I like this quote from today's article:

"Even a wounded lion is still a lion," says Jason Kennedy, whose eponymous firm helps hedge funds recruit. "And the lion isn't mortally wounded. He will heal. And when he's fully back, that lion is worth a lot more money."

But a circus that pits lions against one another runs the risk of them escaping the fighting pit and eating the spectators.

Hedge Funds: Even Millennium and Citadel's Losing Traders Are Hot Recruits

With talent in short supply, top firms are looking at rival loss-making portfolio managers as a rare hiring opportunity.