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> Quants aside, the concepts that are used (take, for example, "mezzanine capital") are mostly buzzwords used to give a professional air to really very simple p
by w4 12y ago
> Quants aside, the concepts that are used (take, for example, "mezzanine capital") are mostly buzzwords used to give a professional air to really very simple processes/ideas.
This is incredibly accurate. Aside from the guys who come out of MIT and Caltech to do quantitative analysis, almost everything on Wall Street is smoke and mirrors hiding what are incredibly simple ideas. Even a lot of the ostensibly esoteric and complex products (that a lot of the Wall Street guys don't understand!) hide a really simple core concept once you peel back the layers of jargon.
- ProAm 12y ago> almost everything on Wall Street is smoke and mirrors hiding what are incredibly simple ideas This is true for the majority of jobs out there.
- gaius 12y agoEspecially programming jobs.
- hnnewguy 12y ago>"almost everything on Wall Street is smoke and mirrors hiding what are incredibly simple ideas" Because Google, Facebook, Twitter, WhatsApp, Instagram and Farmville are complex ideas? Nearly every good idea looks "simple" in hindsight. That's what makes it a good idea.
- ProAm 12y agoThese all started simply, I promise you