He didn’t actually believe that it was lost, or that they should account for it as lost. He told his fellow managers that in his estimation there was an 80 percent chance that it would eventually turn up. Thus they should count themselves as still having 80 percent of it. To which one of his fellow managers replied: After the fact, if we never get any of the Ripple back, no one is going to say it is reasonable for us to have said we have eighty percent of the Ripple. Everyone is just going to say we lied to them. We’ll be accused by our investors of fraud.
