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