Wisdom

Some warnings cause the thing they warn about

Quote

If you put a going concern morning, on Silicon Valley Banks audit, you're going to cause a bank run, like worried they won't survive a bank run. You can't actually say it out loud, because then they won't survive the bank run.

Episode 126: Podcasting Power Rangers (episode page, opens in a new tab) 00:24:21 (play audio from this timestamp, opens in a new tab)

Speaker-labeled

Summary

Like the observer effect: an auditor can't put a going-concern warning on a shaky bank, because saying it out loud would trigger the bank run it predicts.