Regulation, the 16th Century and the Need for a Clock

Be more agile," regulators are told. Lyndon Nelson explains why agility has a price: without better data — the modern equivalent of the clock that solved the 16th-century longitude problem — acting early on risks like PPI is guesswork, and demanding speed without it is the sound of a revolver being loaded.

https://www.abettermousetrap.blog/s/Regulation-16th-Century-Navigation-and-the-need-for-a-clock-20221011-2022-10-12.pdf