4 ms·
Who’s to say finance and consulting aren’t creating the most value?
by throwaway5959 4y ago
Who’s to say finance and consulting aren’t creating the most value?
- KerrAvon 4y agohave you seen the state of the world lately?
- throwaway5959 4y agoNah I live in a carefully crafted bubble in west LA. Rest of the world kind of sucks when I leave it.
- diordiderot 4y agoIf I pay you $10,000 to eat a bag of dog poop did you create $10,000 of 'value'
- ilyt 4y agoPut it on youtube and probably will produce some entertainment value
- ttyprintk 4y agoI’ll say it. When Black Shoals won the Nobel prize and business people started seeing PDEs, the new physics and applied math grads they hired were five years away from restructuring mortgages into unsupportable securities. Very few were smart enough to predict the eventual problem. Maybe the only people who can justify the inflated compensation should be those who can prevent collapse?
- deleted 4y ago[deleted]
- throwaway5959 4y agoSome of the products didn’t pan out, sure. But what about all the products that did? Having deep and complex capital markets opens up a lot of possibilities in terms of building huge systems.
- ttyprintk 4y agoJust the bailouts equated $229,000 for each of 6.5m Americans in finance. Just the drop in the stock market equated to the earnings of 75,000 quants averaging $7,800 per day for 45 years.
- hardlianotion 4y agoIf you want to go that way, you'll have to define all your terms.