Motivated by a putative model of black holes as quantum objects we consider what types of operators would have a corresponding spectrum. We find that there are indeed such operators, but of a rather unusual types, and for which the wave functions are only barely localized. We point out a tension between such almost delocalized states and black holes as compact objects.
The talk is based on joint work with Satya Majumdar, available as arXiv:2504.06623