The Mudcat Café TM
Thread #140645 Message #3235086
Posted By: Lizzie Cornish 1
06-Oct-11 - 07:38 PM
Thread Name: BS: Wall Street Protesters...
Subject: RE: BS: Wall Street Protesters...
Brilliant article on the Quants (the physicists who've moved into Wall Street) (and yes, it's from the Daily Mail, but written by a freelance writer, so don't get yer knickers in a twist!)
ROBERT HARRIS: How supercomputers preying on human fear are taking over the world's stock markets
And this is even better, except it's kinda depressing when you start to realise what they've done..which is basically scientifically fucked up The System with Beyond Comprehensible Mathematics, but hey, they're making OODLES of money, so they don't care...
"Isn't it a problem that I don't understand what you are trying to explain to me?" says the interviewer to a Quant...who laughs, with his buddies...and explains, patronisingly, that he was actually 'dumbing it down' for her..
'Quants - The Alchemists of Wall Street' - Youtube