Meet The Math Geniuses Running Wall Street

[MadMarketScientist 11]

“I was working with the best of the best,” he says. “My bank employed the brightest engineers, chemists and scientists – and we were all working together to get richer. The chemical and physics and health industries are worse off because of what we do because I tell you this: if there was a pay bonus structure similar to what we had in the City for curing cancer, we’d have found a cure for cancer.”

 

Read more: http://www.businessinsider.com/quants-meet-the-math-geniuses-running-wall-street-2013-7#ixzz2ZuPyG1Ad

[GlassOnion 12]

Thanks for the story. The whole site looks interesting. I have bookmarked it for later reading during the work day.

[SIUYA 11]

similarly related....

 

Humans Beating Robots Most Since ?08 as Trends Shift: Currencies - Bloomberg

 

I wonder if the guys from the first interview think of all the advanced weaponry they could also have spent their physics and chemistry educations on.....

or for the wasted brain talent from the lawyers and accountants many use for avoiding taxes, regulatory compliance, building complex derivative products and such.....:spam:

[MightyMouse 12]

similarly related....

 

Humans Beating Robots Most Since ?08 as Trends Shift: Currencies - Bloomberg

 

I wonder if the guys from the first interview think of all the advanced weaponry they could also have spent their physics and chemistry educations on.....

or for the wasted brain talent from the lawyers and accountants many use for avoiding taxes, regulatory compliance, building complex derivative products and such.....:spam:

 

This makes more sense to me than the popular folklore.