Finance is a BS field that takes free money from the government via their guaranteed god's given right to return on capital

[Crusile]

"Risk management" idk what else but almost every other finance role is bs used to steal a share of their customers free return on capital.
Without god given's right to risk free returns, financiers would be 90% venture capitalists doing actual work, efficiently allocating our currency. what VCs do now is pret

Is this true/legit or fake/not true? I don't know what "people in finance" even do tbh

 

[Crusile]

Even taleb is a massive BSer in 2024, his lifetime PNL will be very negative unless he gets his magical market crash hes waiting for facepalm at taleb.

also proof gambling is mathematically profitable for hedge funds. You can randomly gamble and raise an infinite amount of funds if you win enough times = infinite EV. This fact is definite debunk of finance

 

[Soundcels]

This is not 1940s you grandpa

 

[Crusile]

Even taleb is a massive BSer in 2024, his lifetime PNL will be very negative unless he gets his magical market crash hes waiting for facepalm at taleb.

also proof gambling is mathematically profitable for hedge funds. You can randomly gamble and raise an infinite amount of funds if you win enough times = infinite EV. This fact is definite debunk of finance

@Chinacurry Respond to this

 

[thereallegend]

Even taleb is a massive BSer in 2024, his lifetime PNL will be very negative unless he gets his magical market crash hes waiting for facepalm at taleb.

also proof gambling is mathematically profitable for hedge funds. You can randomly gamble and raise an infinite amount of funds if you win enough times = infinite EV. This fact is definite debunk of finance

high IQ. Main Street always foots the bill for Wall Street.

 

[Chinacurry]

@Chinacurry Respond to this

Talebs logic is sound, but only wins once every 100 times cos markets are not rational.

Hedge funds make money cos they have information assynetry and cos they manage velocity well

 

[mogstars]

"Risk management" idk what else but almost every other finance role is bs used to steal a share of their customers free return on capital.
Without god given's right to risk free returns, financiers would be 90% venture capitalists doing actual work, efficiently allocating our currency. what VCs do now is pret

Is this true/legit or fake/not true? I don't know what "people in finance" even do tbh

Water, it’s all money laundering.

 

[radicalrationalist]

finance and most legal work is parasitism exploiting the ineptitude and incompetence of the masses in navigating government bureaucracy.