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> financial companies that hire a lot of smart people and make them do work that has little value to society Would you rather I build a photo-sharing site? Cha
by chrisaycock 15y ago
> financial companies that hire a lot of smart people and make them do work that has little value to society
Would you rather I build a photo-sharing site? Chase tenure with esoteric publications?
Do you even know why I do HFT? I do it because it's intellectually stimulating and pays well, plus I work in a small firm of ten smart people and no corporate politics.
As for the value to society you don't believe I'm providing, my arbitraging makes it possible for products like ETFs to exist. Most retail investors would be best served with an index fund, and my work ultimately provides that service.
- soup10 15y agoThere's is nothing wrong with honest work, but if you are a highly skilled programmer and think that HFT is the most impactful/important work you can do. Then you aren't thinking hard enough.
- TimGebhardt 15y agoAnd I think he's asking you: what should he do then since you're judging that the work he's doing isn't valuable? Impact and importance are judgement calls. You're already making the judgement that the work he's doing isn't valuable, finish it up and judge what he should do.