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If you haven not been keeping up, since about sometime in the mid-1980's acquisition of Money became the defining virtue of goodness and success. That's all tha
by meddlepal 9y ago
If you haven not been keeping up, since about sometime in the mid-1980's acquisition of Money became the defining virtue of goodness and success. That's all that matters now.
- fizixer 9y agoThe problem is that it's more like sports than math/science: a tug-of-war (zero-sum game) instead of win-win. You're pitting your intelligence against the intelligence of other quants (not against the complexity of some natural system or something). You have 3 phds? they bring in 4. You bring in 6? they bring in 10. You bring the processing down to 50ms, they go 45ms; you go 5ms, they go 2ms. The game never ends. It's even more depressing when you realize that, even if you win, you're essentially propping up, what I like to call, a "fluff market", instead of adding-value the way Silicon Valley and the manufacturing industry does.
- crimsonalucard 9y agoExactly. It's a total waste of resources. Put these phds on curing cancer instead of playing a gambling game that adds no real GDP to the economy.