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Speaking as a college freshman, what I see wrong with finance is that fundamentally, these people, who have essentially spent their whole lives learning to solv
by thefool 16y ago
Speaking as a college freshman, what I see wrong with finance is that fundamentally, these people, who have essentially spent their whole lives learning to solve complicated technical problems, are being employed by society to essentially produce nothing.
Thats the issue I see with it. I guess only time will show if my perspective changes.
- gaius 16y agoResource allocation in a modern economy is a complicated technical problem. That's the problem investment banking was invented to solve. That it has been corrupted doesn't alter this basic idea.
- thefool 16y agoI could be totally wrong here, but I get the sense that despite that being the intent of wall street, that basic concept has been very much abstracted away into a complicated game of mutual insurance and risk management. All I'm saying is that perhaps society would be better off if the resources were allocated a little less efficiently, but those "best minds" were applied to some other field.