[MichaelRo]

It's fun to see how every time a finance topic pops up, discussion steers towards lamenting on how "talent is wasted" by doing this and not that.

See, if you're a fishmonger and someone comes to you and say "why don't you trade flowers instead", you ignore them because they are not your customer. They won't trade fish with you, and in fact they wouldn't trade flowers either. They're just useless relative to your trade and only yapping so just turn your back on them and leave them be. Tell them to fuck off and find a flower monger if they really want it or mong those those flowers themselves because you are sticking to monging fish.

[ustad]

At the end of the day, it’s fine to ignore the critics or people who don’t understand your work, but dismissing the conversation entirely without considering the underlying point might close off an opportunity for meaningful reflection. Just my two cents.

[MichaelRo]

Reflect on what? Some utopian cvasi-religious bullshit which has no real applicability except virtue-signalling? Why don't we all do nice things instead of being caught in the capitalistic rat race to make a living? (Not that other systems fared better). Why do we have to work shit, meaningless jobs instead of doing the grand things of life, engineering, arts, etc?

Well first of all because all those niches are already full beyond capacity. All the engineering, arts, cancer research, you name it, that the society can pay for is stuffed to bursting point and in no lack of pipelines of fresh wannabe recruits. Also cancer research is a deeply unprofitable enterprise overall, much in contrast to a domain like finance. One can labor a lifetime and get nothig, at least in finance they'll shovel some money from one pocket to the other and pocket the commission themselves.

Please leave people alone and stop suggesting alternate careers, that you yourselves did not choose. That's the uttermost hypocrisy. I don't wanna see anymore programmers with fat paychecks jumping on whatever latest fad like flies on a fresh laid turd doing AI and crypto and advertising and just bullshit pretend work at FAANG shedding crocodile tears on how the finance guys should be poor and suffering. Quit your high paying jobs yourselfes and go starve while doing biology PhDs then work as baristas while competing with the other 10,000 highly skilled Phds hoping to catch one of the 10 currently open positions in the world that pay a miserable salary with no stability in the future that does cancer research.

[mbac32768]

Yes this. There's no shortage of people working in quant finance who used to work in research who quit because they literally could not afford to start a family.

People imagine it's like prestigious professors at top research institutions leaving their posts because of the allure of money, when it's more like the 100x people just like them who were denied tenure and realized they chased a career in science like an inner city youth chases getting into the NBA: most people fail. Then what?

I even know people who worked in quant finance, struck it rich, quit to finish becoming doctors, and then came screaming back because of how horrible medicine was.

[achierius]

Nobody is saying finance people should be poor and starve. The same people critiquing the finance industry in this thread have been happy to critique ad tech as well, and I agree that they're both largely parasitic 'faux frais'. But regardless of which industries you choose to put in that category, the point isn't to make individuals choose to work in one or another -- that's not how serious change happens. It's to build support and hopefully eventually consensus on the idea that our economic system is broken and in serious need of change.

[ustad]

Your perspective is totally valid - people should do what works best for them. But dismissing the conversation out of hand could limit opportunities for a deeper understanding of what kind of work aligns with both personal fulfilment and societal good.