Cooperativism62
Cooperativism62 t1_jd45syx wrote
Reply to comment by jonny_wow in [OC] UBS is now the world's 3rd largest asset management firm after acquiring Credit Suisse by giteam
What's so toxic about it? I haven't read the reports yet on what caused the failure and none of the headlines hint either.
Cooperativism62 t1_jd45mo3 wrote
Reply to comment by curiosity-12 in [OC] UBS is now the world's 3rd largest asset management firm after acquiring Credit Suisse by giteam
Because if the Swiss government acted as dealer of last resort, buying up the assets under management, then Swiss dept to GDP ratio skyrockets.
So yes, it is good to compare a stock (like a lambo) to a flow (your income) in the event of a purchase.
Cooperativism62 t1_jd4irli wrote
Reply to comment by curiosity-12 in [OC] UBS is now the world's 3rd largest asset management firm after acquiring Credit Suisse by giteam
Data representation always comes with pros and cons, it's rarely perfect.
I think its fair as a simple respresentation to show their assets and compare them to Swiss GPD since the Swiss government may eventually play a role through a bailout, and I believe that's what OP is implying. Obviously you can and should do deeper analysis, like cross-country comparisons and so on, but hey, this is r/dataisbeatiful not "thisismyPHDthesis".