-14 karma · joined March 16, 2015
also, i didn't say they weren't likable. generally they are very likable. and i didn't say they don't know what they are doing. they know very well what they're doing.
i left the world of finance and headed toward software engineering. side benefit, no fantasy football. nobody pretending that they understood "the market". those who commented regarding "shorts" etc. why not options? or swaptions? or futures? or future options? you should totally start a risk-neutral team. wait, weren't we talking about software engineering.
here is the thing. by and large, you all have zero clue what you're talking about. tell me that's not true all day long, but, whatever. you've read a book. you've worked on some algorithm. but chances are you've never been wined and dined by a bulge bracket investment bank attempting to win the brokerage business of the hedge fund you work at. you've likely never spoken with bankers about upcoming offerings. you've likely never been given a tour of the manufacturing plant floor by management, because you're thinking of investing a hundred or so million.
and here is the thing that makes me really sad. at least bankers, a horrible bunch of humans, by and large studied the humanities and admit that they are generally selling crap. this new breed of programmers sorta study computer science and then walk around like they have "the answer" for every human problem. and now i have to deal with "Fantasy Angel Investing".
run for the exits
[0]http://www.defenseone.com/technology/2014/07/how-cia-partner...
I totally understand you're coming from a good place here, but this is exactly the type of thing that can go all sorts of wrong when implemented by people coming from not such a good place. Also, this could come across any number of ways if you're coming from a different place (socioeconomic wise). For instance. Well off families tend to have less children and are in a position to provide for them. So, if I'm poor and can't afford to take care of my kids properly, you're proposing I just don't have them?
I use that example only to emphasize what I think is already implicit in your comment, that this is a super complex issue. My reaction to the article was similar to yours, just from a different angle. I kept reading "more efficient use of" and thinking, at what point do we realize we need to use less and not just get more out of what we use?