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by dotnet00 816 days ago
It's not really propaganda, I think it popped up mostly because typical finance leaders are seen as being on the older side. As a Patrick Boyle video on the issue had put it, they had barely been in finance long enough to be trusted with the morning coffee run.

"Kid" is meant to be derogatory, highlighting the absurdity of traditional investors trusting openly irresponsible people with such little experience in such a heavily experience and regulation dependent field like finance. They behaved like spoiled children, with all the drugs and sex going around within the company, gaming while talking to investors etc. It doesn't make SBF look better.

2 comments

Madoff was in his 60s.
And people probably weren't calling him a kid.
Why is playing a video game worse than a "3 martini lunch" or flying Tom Epstein Island? Finance is bad boys top to bottom, of all ages.
Finance is about money, that's going to attract some people that are motivated purely by money. That's a bad thing and the culture in any institution should discourage this.

Yet at the same time finance is a big industry, there's plenty of honest, hardworking people that do their 9 to 5 (or more realistically 8 to 7) and go home to their kids. Finance has bad apples (just like tech) but I don't think we should write off the entire industry for that.