Berkshire Hathaway's Vice Chairman says engineers are wasted on financial services that contribute little to society.
Пікірлер: 14
@gwimmer987 жыл бұрын
I really enjoy watching him, because it seams like he just says what in his mind is the truth. Brutally honest. Love it
@pianoforte61110 жыл бұрын
Unfortunately engineers will continue to go into finance as long as it is pays well.
@dekubaner10 жыл бұрын
lots of talent goes wasted from engineering into not only finance but law school, but again people tend to move where the money is, especially if after graduating from engineering you have a REALLY HARD TIME finding a job.
@Malouco11 жыл бұрын
I applaud this man for understanding that people on Wall Street should be just that! Recruiting people that have a trick up their sleeves is appalling! When did this country allow code breakers to assist financiers for an ILLEGAL advantage! Yes I said ILLEGAL AND UNETHICAL!
@iFreeThink2 жыл бұрын
Finance is better than accounting, human resources, marketing maybe, and economics. Every random person is an Economics major.
@iFreeThink2 жыл бұрын
Finance gave it to Economics.
@jonjo25989 жыл бұрын
He seems to imagine that people in finance would rather not be in it. I find finance a glorious area, sure the junior analysts suffer but the money is insane. Engineering and applied math pale in comparison to accounting math and the more theoretical maths used in finance. It is truly more fun and in my opinion more rewarding.
@DaHobbitification3 жыл бұрын
He does not say that anywhere. It should not be rewarding. You may "like" the math more but it contributes nothing to society. It takes away much needed engineers and therefore important and consequential problems remain unsolved so that these people can get rich.
@jonjo25983 жыл бұрын
@@DaHobbitification You have no idea what you are talking about. There is nothing more important in the world than the movement of capital. There is no problem more important than making that movement more efficient.
@DaHobbitification3 жыл бұрын
@@jonjo2598 Ballsy from someone who wrote the moronic comment above. Value investing is important, but creating trading algorithms to turn a profit is not important. Trading derivatives is not important. Only thing important is better evaluations on who deserves capital. But you get little added value out of the 80% of people in finance whose talents would be much better spent elsewhere.
@jonjo25983 жыл бұрын
@@DaHobbitification Oh please. You probably don't even work in finance, you wouldn't believe the value added by trading. Markets are not made efficient by magic, they are made efficient by traders.
@DaHobbitification3 жыл бұрын
@@jonjo2598 Lets just settle this. Do you believe that the added value of a randomly selected 80% of talent in finance is better used on making markets more efficient than they are or advancing AI to make everyone a lot more prosperous, ending any poverty, perhaps even the necessity of a large proportion of people spending most of their lives in jobs they don't like? Making markets efficient is important, but do the added benefits in progress begin to level off when you push past some threshold of talent. If you think so you are what I said in my previous comment.
@davidazinger56396 жыл бұрын
As if Buffett doesn't make his own derivative bets ??? That's a zero sum game that works pretty well for Berkshire -- to the extent Berkshire succeeds the rest are paying it -- listen at 33-37 seconds. What a bunch of hypocrites.