meazza Posted December 17, 2014 Share Posted December 17, 2014 It's absurd. It's not like he's simply misinformed on some aspects; he's spectacularly misinformed on all aspects, and seems to draw his misinformation from his own demented worldview. Further, he manages to embrace the whole thing, and is comically and outspokenly opinionated in his ignorance. Like will smiths children. Link to comment Share on other sites More sharing options...
LeviF Posted December 17, 2014 Share Posted December 17, 2014 I like reading about topics I know nothing about. Posting, on the other hand... I hand my money off to a financial services organization. They probably work with some evil banks. Link to comment Share on other sites More sharing options...
Jauronimo Posted December 17, 2014 Share Posted December 17, 2014 It's absurd. It's not like he's simply misinformed on some aspects; he's spectacularly misinformed on all aspects, and seems to draw his misinformation from his own demented worldview. Further, he manages to embrace the whole thing, and is comically and outspokenly opinionated in his ignorance. Sadly, hes not alone. People describe hedge fund managers like Bond super villains operating out of volcano lairs fleecing the world with super computers powered by black magic. It would be nice if they at least leveled the right criticism against hedge funds with their algorithm based trading. Heres a good piece: http://blogs.wsj.com/moneybeat/2014/09/04/hfts-circus-market-and-a-dash-for-trash-fund-manager-lets-loose/ Meanwhile, the methods employed by the most famous and arguably most successful investor of all time, Buffet, are about as sexy as a xanax fueled, missionary position romp through a hole in the bed sheet. Link to comment Share on other sites More sharing options...
DC Tom Posted December 17, 2014 Share Posted December 17, 2014 Sadly, hes not alone. People describe hedge fund managers like Bond super villains operating out of volcano lairs fleecing the world with super computers powered by black magic. It would be nice if they at least leveled the right criticism against hedge funds with their algorithm based trading. Heres a good piece: http://blogs.wsj.com...ger-lets-loose/ Meanwhile, the methods employed by the most famous and arguably most successful investor of all time, Buffet, are about as sexy as a xanax fueled, missionary position romp through a hole in the bed sheet. Well...it's hedge fund managers who tried to drive GM into bankruptcy... (By insisting that GM pay back money it borrowed, the bastards.) Link to comment Share on other sites More sharing options...
birdog1960 Posted December 17, 2014 Author Share Posted December 17, 2014 You don't have access to his information but do you have access to his fund? I don't have access to a doctor's tools but I have access to a doctor I must pay to perform my surgery. You don't hear me bitching about that do you? the difference is that nothing is stopping you from getting into med school. it's largely a meritocracy. high finance, insider info, shoulder rubbing? not so much. Link to comment Share on other sites More sharing options...
GG Posted December 17, 2014 Share Posted December 17, 2014 the difference is that nothing is stopping you from getting into med school. it's largely a meritocracy. high finance, insider info, shoulder rubbing? not so much. Just when I thought that you couldn't get dumber, you up the ante. Wall Street is well known to make stars out of smart poor kids who have the drive & ambition. Bear Stearns' informal hiring motto was poor, smart & hungry. Link to comment Share on other sites More sharing options...
birdog1960 Posted December 17, 2014 Author Share Posted December 17, 2014 Just when I thought that you couldn't get dumber, you up the ante. Wall Street is well known to make stars out of smart poor kids who have the drive & ambition. Bear Stearns' informal hiring motto was poor, smart & hungry. sure, they trot the outliers out every now and then to support the illusion. but mostly the pedigrees are strikingly similar. Link to comment Share on other sites More sharing options...
GG Posted December 17, 2014 Share Posted December 17, 2014 sure, they trot the outliers out every now and then to support the illusion. but mostly the pedigrees are strikingly similar. What in the hell are you talking about? Link to comment Share on other sites More sharing options...
meazza Posted December 17, 2014 Share Posted December 17, 2014 sure, they trot the outliers out every now and then to support the illusion. but mostly the pedigrees are strikingly similar. So what you're upset about is that you're not stinking rich as opposed to being rich? Link to comment Share on other sites More sharing options...
IDBillzFan Posted December 17, 2014 Share Posted December 17, 2014 What in the hell are you talking about? I'm not sure, but it sounded a lot like "It's just a flesh wound!" Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted December 17, 2014 Share Posted December 17, 2014 sure, they trot the outliers out every now and then to support the illusion. but mostly the pedigrees are strikingly similar. It's hard to imagine an individual who could possibly understand less than you do about this subject matter. Link to comment Share on other sites More sharing options...
GG Posted December 17, 2014 Share Posted December 17, 2014 So what you're upset about is that you're not stinking rich as opposed to being rich? There's usually more than a hint of envy in each of his diatribes about the financial sector. Link to comment Share on other sites More sharing options...
birdog1960 Posted December 17, 2014 Author Share Posted December 17, 2014 (edited) There's usually more than a hint of envy in each of his diatribes about the financial sector. you can't fathom outrage without envy can you? they are distinct entities that sometimes occur together. but certainly not necessarily. there is a disporportionate number of ivy league (or european equivalents) grads from old money families inhabiting the c level suites of top financial institutions all over the world. not envy. just not highly merit based, Edited December 17, 2014 by birdog1960 Link to comment Share on other sites More sharing options...
GG Posted December 17, 2014 Share Posted December 17, 2014 you can't fathom outrage without envy can you? they are distinct entities that sometimes occur together. but certainly not necessarily. there is a disporportionate number of ivy league (or european equivalents) grads from old money families inhabiting the c level suites of top financial institutions all over the world. not envy. just not highly merit based, Prove it. Link to comment Share on other sites More sharing options...
Alaska Darin Posted December 17, 2014 Share Posted December 17, 2014 you can't fathom outrage without envy can you? they are distinct entities that sometimes occur together. but certainly not necessarily. there is a disporportionate number of ivy league (or european equivalents) grads from old money families inhabiting the c level suites of top financial institutions all over the world. not envy. just not highly merit based, Unlike the top of the very government that's going to save you from these horrible indiscretions. Right? Link to comment Share on other sites More sharing options...
jjamie12 Posted December 17, 2014 Share Posted December 17, 2014 Unlike the top of the very government that's going to save you from these horrible indiscretions. Right? I mean... It's just f*&(*ng amazing with these people, isn't it? I shouldn't be amazed anymore, but the inability to connect dots among the populace is just breathtakingly astounding. Link to comment Share on other sites More sharing options...
DC Tom Posted December 17, 2014 Share Posted December 17, 2014 sure, they trot the outliers out every now and then to support the illusion. but mostly the pedigrees are strikingly similar. And what, exactly, is your basis for this statement? Link to comment Share on other sites More sharing options...
Nanker Posted December 17, 2014 Share Posted December 17, 2014 Unlike the top of the very government that's going to save you from these horrible indiscretions. Right? Sweet BeJesus! Please get Obama to remove the Ivy League alums from the Diplomatic Corps too while you're at it birdbrain. Link to comment Share on other sites More sharing options...
Chef Jim Posted December 17, 2014 Share Posted December 17, 2014 you can't fathom outrage without envy can you? they are distinct entities that sometimes occur together. but certainly not necessarily. there is a disporportionate number of ivy league (or european equivalents) grads from old money families inhabiting the c level suites of top financial institutions all over the world. not envy. just not highly merit based, Wait, so are you looking for a job in finance and you're pissed that you don't have the pedigree to get in? Is that what the !@#$ you're getting at here? Link to comment Share on other sites More sharing options...
Nanker Posted December 17, 2014 Share Posted December 17, 2014 Wait, so are you looking for a job in finance and you're pissed that you don't have the pedigree to get in? Is that what the !@#$ you're getting at here? You should know very well Jim, that no one ever got ahead in the financial markets without an Ivy League degree - or at least they were admitted to one of them and daddy got them a job at the firm when they flunked out. Link to comment Share on other sites More sharing options...
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