[disposablese]

That’s such a STEM thing to say. In finance, this is considered a badge of honor.

Your genius physicist hedge fund operator who "broke the game" in the investment world ended up paying $7 billion in a tax settlement [0]. There’s no algorithm—it’s all about regulations and manipulation. In the investment world, fines, "bureaucratic investments," and similar costs are just operating expenses. Guess what? Everything is a line item in a financial report.

You hire STEM researchers from Ivy League schools—why? You hire these guys, not just because they’re smart, but because they come with "back home connections" —maybe a multi-millionaire businessman for a father or a politician for an uncle. Nobody makes it to these colleges or financial institutions by merit alone. You need those connections. That’s entirely how finance works.

[0] https://www.wsj.com/articles/james-simons-robert-mercer-othe...

[bwfan123]

thanks for the your perspective on this ! It is somewhat depressing to view it in that light, but thats the way it works. Being in STEM, and not in finance, I thought reputation and trust matter in banking and finance based on articles like this [1].

[1] https://www.matthewpowell.com/weekly-note/warren-buffett-ste...