Yesterday's Money Stuff has a good discussion in this vein:
"A somewhat tongue-in-cheek but surprisingly useful maxim of high finance is that it is good for your career if you lose a billion dollars. I mean, if you lose a billion dollars for your employer you will probably be fired, though that depends on who your employer is and how much money you started with and what you did to lose it. But lots of other employers will be excited to hire you, once they learn that you lost a billion dollars for someone else."
https://www.bloomberg.com/opinion/articles/2021-05-26/exxon-...
