>by implying that situational awareness directly caused losses at JS.
Correlation is not causation.
Well, they did because JS owned a economics interest in SA, which led to the loss. So it was poor capital allocation, but really a systemic failure to delete leverage from the equation.
alt Hacker News
Well, they did because JS owned a economics interest in SA, which led to the loss. So it was poor capital allocation, but really a systemic failure to delete leverage from the equation.