Three Trap and Finance

I think there is a very good reason why people in finance, especially traders, investment managers, et al are so arrogant.  Theirs is one of the few professions with immediate validation of whether their idea is right or wrong:  it either makes money or loses it.  Continue reading “Three Trap and Finance”

Threetrap?

Photo courtesy U.S Department of DefenseYou are a pilot coming into land.  Though the “land” is a bit optimistic, as far as any other pilot is concerned.  Then again, that’s probably why you call yourself a naval aviator.  It’s not really a landing, more like flying as low and slow as possible to a bit (about 150 m) of deck pitching and rolling in the middle of the ocean.  The idea is to match your speed (yes, you kind of have to match the pitch and roll as well) by the time your wheels are occupying the same bit of space as the deck.  That’s when that hook drooping down from your tail is supposed to snag one of the four large cables (called wires) and stop you before you run out of deck.  According to How Stuff Works:

The arresting wires are stretched across the deck and are attached on both ends to hydraulic cylinders below deck. If the tailhook snags an arresting wire, it pulls the wire out, and the hydraulic cylinder system absorbs the energy to bring the plane to a stop. The arresting wire system can stop a 24,500-kg aircraft travelling at 241 kph in a 96-meter landing area.  There are four parallel arresting wires, spaced about 15 meters apart, to expand the target area for the pilot. Continue reading “Threetrap?”