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What? Barclays is one of the largest financial institutions in the world with $1.9tn in assets.

I think we're in agreement that this Twitter thing isn't worth the attention, but we are far from agreeing that large financial institutions are inherently competent because they're large.

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I was literally wondering what would happen. ETFs are supposed to be algorithmically traded right?

There's a race condition between the poison pill being instated and the ETF updating their strategy. I wonder if a board could maliciously take advantage of that somehow.

ETFs generally aren’t managed without human involvement, and this poison pill isn’t software either. You’re taking concepts that exist in worlds like Ethereum and applying it to normal finance. That’s not how it works.

> but we are far from agreeing that large financial institutions are inherently competent because they're large.

I don’t see anyone making that argument.

Speculating on an ETF “accidentally” acquiring more than 15% of Twitter implies a whole different level of incompetence than a big ETF ever fucking up big.

> Seriously, do you think funds playing with the kind of money to buy 15% of twitter often make careless purchases?

- You

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