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> Derivatives that require the fuel of 15 math Phds to lock in fractions of a percentage pricing inefficiencies so their firm can pocket the difference do not h
by eadmund 2y ago
> Derivatives that require the fuel of 15 math Phds to lock in fractions of a percentage pricing inefficiencies so their firm can pocket the difference do not have much value at all.
They have at least as much value as the total compensation of 15 math PhDs, otherwise that work would not be done.
- daymanstep 2y agoIt is bizarre that people conflate money with value. A scammer who makes $1m dollars a year does not generate any value, in fact he removes value from society.
- andrepd 2y agoIt's remarkable how on every single discussion on this topic the Circular Argument is eventually brought up lol