4 ms·
I think that is a great point. And I agree with musk's general point on finance. I did my M.S. in finance, I work (somewhat) in the industry still. It's a ri
by mrlala 6y ago
I think that is a great point.
And I agree with musk's general point on finance. I did my M.S. in finance, I work (somewhat) in the industry still. It's a ridiculous amount of smart people basically wasting everyone's time to magically make money.
Nothing of any real value is being done.. After these many years I don't find value in people spending SO MUCH TIME AND ENERGY into "making more money out of money". That's all it is. We can talk all day about making efficient portfolios and all this bullshit.. Sure there is some value, but 99% of it is utter bullshit that is solely designed to make the rich richer. And not even just the super rich- it is even to keep the upper middle class above the "rest".
/disillusioned person related to finance
- Waterluvian 6y agoI think finance plays a tremendously important support role in creating new wealth. But it's kind of promoted itself to a primary role and you can see that in all the creative ways money is made.
- naasking 6y agoIt's ruthless pursuit of efficiency has also caused harm, like yielding brittle supply chains.