Three Arrows Capital has defaulted on a loan worth more than $670M
I always have mixed feelings when someone is warned about the riskiness &#x2F; foolishness &#x2F; stupidity of a course of action, and then suffers for it.<p>On the one hand, there&#x27;s a certain satisfaction or Schadenfreude in the sense of vindication. And it&#x27;s pleasant to feel like my own wisdom or self-control has been validated.<p>OTOH, I know that <i>everyone</i> has limited wisdom &#x2F; self-control &#x2F; intelligence, including me.  So it seems hypocritical to mock someone who trips, knowing that I&#x27;m just lucky to sometimes avoid the hazards that would trip <i>me</i> up.<p>In the end, about the only conclusions I&#x27;m really confident in is that trouble besets us all, and usually it&#x27;s good to default to kindness and sympathy.<p>EDIT FOR CLARIFICATION: I&#x27;m not saying that I want swindlers to succeed.  I want such predation crushed into dust.  My comment is about the people who don&#x27;t intend harm to others.