Hedge-Fund Pay and Trader Lies

“As a double bonus, if everyone stays irrational it might greatly enrich the author, providing future funding for blockchain performance art.” The great art project of our age is to entirely collapse the distinctions between “fraud” and “performance art,” so that one day mortgage-bond traders will be able to say “wait, no, I wasn’t lying about bond prices to increase my bonus, I was performing a metafictional narrative about bond-price negotiations in order to problematize the underlying foundations of bond trading in late capitalism.”

via https://www.bloomberg.com/view/articles/2017–05–16/hedge-fund-pay-and-trader-lies