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I take the silver lining. Smart people getting rich is better than dumb people getting rich. Hopefully some day they'll do something good with that money.
by keyle 2y ago
I take the silver lining. Smart people getting rich is better than dumb people getting rich. Hopefully some day they'll do something good with that money.
- jwr 2y agoThe problem is that smart people are the ones being employed, not the ones getting rich.
- twoodfin 2y agoI am pretty sure anyone who sticks around Jane Street for a while is getting “rich” by any popularly accepted measure.
- Mistletoe 2y agoSam Bankman-Fried and Caroline Ellison did for a while…
- godelski 2y agoI'm pretty sure the parent is implying that there is quite a disproportionate distribution.
- twoodfin 2y agoSorry, implying what? That Jane Street quants aren’t getting rich enough?
- godelski 2y agoRead the comment again > The problem is that smart people are the ones being employed, not the ones getting rich. Employed is a key word. Generalize the point beyond Jane Street if you're still having difficulties. Such general understanding will be necessary if you want to work somewhere like Jane Street.
- memonkey 2y agoI would prefer good people get rich and bad people don't.
- Nursie 2y agoI’m not sure that’s true either. See for example “effective altruism”, which turns out to have been neither, but more of a self-deluded justification for insane greed, coupled with a god complex.
- in3d 2y agoRidiculous, uninformed comment. There is no question that Effective Altruism has done tremendous good overall by saving many, many lives. I say this as someone who disagrees with important aspects, such as valuing distant lives equally to local ones. They have also been more correct than anyone else about AI, pandemics, etc.
- Nursie 2y agoIt’s also been used as a self-justification by the likes of Sam Bankman-Fried, who exemplifies the qualities I mentioned above. It’s clearly a very flexible philosophy that “smart people” can use to justify pretty much whatever, and given the presence of such people as SBF and cronies, certainly doesn’t support the notion that it’s a great thing for “smart people” to get rich, or really that we should expect that to be any more than neutral. “Smart People” can be scumbags, and some prominent EA folks were, all the while shouting about how good they were.