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Economists that made it in financial markets (examples): Cliff Asness, Barr Rosenberg, John Paul Tudor Jones, Stanley Druckenmiller, Kenneth Griffin , John Paul
by RandomLensman 3y ago
Economists that made it in financial markets (examples): Cliff Asness, Barr Rosenberg, John Paul Tudor Jones, Stanley Druckenmiller, Kenneth Griffin , John Paulson (but that's an MBA) - is that enough billionaire economists for you? What exactly made each rich is a bit more tricky, but certainly Asness and Rosenberg got rich based on their research.
- treyfitty 3y agoThose are not economists by trade nor profession. None of those people had PhDs in Econ. Never once were they called “economists”
- RandomLensman 3y agoWhy does Asness' PhD in finance under Farmer not count, for example? Is a financial economist not an economist, i.e., things like the EMH are not part of economics? Why do you think their training in economics was irrelevant?
- trust_bt_verify 3y agoThis list is rather disingenuous. > Kenneth Cordele Griffin is an American hedge fund manager, entrepreneur and investor. He is the founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC, a multinational hedge fund. He also owns Citadel Securities, one of the largest market makers in the U.S. I don’t see economist anywhere in Ken’s Wikipedia.
- RandomLensman 3y agoLast sentence under Early Life and Education says he graduated with a degree in economics.
- trust_bt_verify 3y agoYou have a very low bar for classifying someone as an ‘economist’. I see why that’s the case as it does help your narrative but does not really lend much strength to your argument in my view.
- RandomLensman 3y agoWhat then is an economist or a physicist or a mathematician etc. when graduating with a degree in the respective field isn't it? What additional thing needs to be there? Just saying it doesn't count is a bit weak because that is saying training in a certain discipline and graduating in it has no meaning or skill transfer of relevance.
- trust_bt_verify 3y agoHow about holding that title professionally? Or maybe just having him call himself an economist at some point? But your opinions are just that, and my opinion is your arguments are without merit.
- RandomLensman 3y agoI find it interesting that you know that the people on the list never ever referred to themselves as an economist. But I guess your point is to make sure that economists don't have any successes, not some deeper introspection into whether the study of economics can help in being successful.
- trust_bt_verify 3y agoYup, that did it. I am now convinced that some classes Ken took 45 years ago make him a modern day, professional economist. Guess I’m an economist too! I’m sure Paul Krugman would love the comparison.
- RandomLensman 3y agoBy that logic there are no economists or scientist in senior business leadership positions - fair enough.