Friday, May 8, 2009

Best and brightest

Gosh, haven't we heard a lot of those folks lately?

If we start from first principles and re-visit issues related to smartness (or idiocy) and rewards (or not) thereof, a more solid view could be attained. The principles are varied and many (despite notions that we can start from the simple).

Here are some truisms offered in the sense of disclosure. Comparative analysis will always show that money is not as high in scale as many believe; it cannot be eaten (it can buy what we need to eat; it allows efforts at generating food to eat; so, it, its varied looks, and its theoretical basis have necessary functions). But, it's not just money, as many abstracted view are not really conducive to anything positive; of course, that we've excelled in abstract nonsense (used generally, but the specifics apply, too) since the turn of the 20th century (yes, 20th and little before) is one key factor to consider here. We could list a few of these.

This theme will continue across several posts.

That those with the algebraic talents can learn new ways does not give them any more stature than any other of the planet's inhabitants. It especially does not give them the right to foster means that are unstable in their pursuit of big pockets to the detriment of the hapless. Hopefully, the new day will see some of this addressed.

Note: That the Treasury is run by a New Yorker (Wall Street experience) means that we'll have to be more watchful. That the President was in Chicago for an extended period of time and not roped in by casino capitalism (CBOE, etc.) tells us something, to boot.

Remarks:

09/19/2013 -- To some, evidently, grabbing oodles of money, without due consideration of ramifications to others or to the common weal, is the smartest thing; but, we do know that virtue is smart, to boot. Even the secularists are trying hard to show how their worldview can lead to right living (as in, they do not need God to have a conscience). And, what virtue might be prime important to this discussion? Prudence (see Remarks, this day).

08/01/2013 -- Ben cannot unwind or taper downhe has too many Doves. We'll have to get back to the king thing (yes, the divine rights of the CEO, new royalty, in other words) and dampening of these types by a new outlook (Magna-Carta'√≠sh).

02/05/2012 -- Time to update this theme.

02/03/2011 -- This is a place holder, for now, for Lewis' article. The Irish people (where is the rage?) there were screwed over even more than the Americans. Now, one could argue oops; but, the truth is that certain minds need much more restraint than they are willing to admit. Unfortunately, other people bear the effects of these idiots (who, by the way, may, in many cases, test well - too bad there is not an effective arse test).

11/30/2010 -- Finance and pay, always problematic.

10/22/2010 -- We need more like Perelman in order to have a fair economy.

07/27/2010 -- The Boston Globe had an interesting op-ed, recently, about these types. Of course, there are several types, including the quants. We'll need to address this topic again using what we know of the new kings. Ah, such confidence when underdetermination reigns, especially when systems are the main tool.

01/27/2010 -- It's really ca-pital-sino.

11/30/2009 -- No one climbs above our neuropeptidergic limitations.

11/08/2009 -- The gigantic chimera needs proper attention.

10/11/2009 -- Discussion has gone over to FED-aerated. Note the 10/11/2009 Remarks about the Business Week article on India's progress' inhibitors. 'Near zero' recognizes that some always suffer more than others, especially in win-win situations, as the whole notion of characterization minimizes visceral reactions by diminishing the real in favor of the abstracted (ah, the modern world, you say?).

09/24/2009 -- Things looking up for those who churn.

08/10/2009 -- As promised, FEDaerated is here.

08/02/2009 -- Wait! More exposures: "computers, some housed right next to the machines that drive marketplaces like the New York Stock Exchange, enable high-frequency traders to transmit millions of orders at lightning speed and, their detractors contend, reap billions at everyone else's expense." To anyone who isn't at Goldman Sachs or the like, does that appeal to you as the way that we ought to be handling our beans?

07/31/2009 -- Let's see, 5,000 got over $1M for services rendered. Well, that's probably a sign of being a best-and-brightest, at least to certain eyes; it's called rolling-in-the-dough.

Now, this can be used to illustrate how the game it to fill the pockets of a small set to an exorbitant amount. Does the game need to be that way? Hell no. We'll look at that some more.

07/17/2009 -- China has eaten our lunch (and dinner). Shows how silly our games are. Yet, finance can be run by people who can be non-profit in scope and who have an impeccable (oh, what quaintness!) un-interest in money.

06/20/2009 -- Yes, rent can go to labor (new look at capitalism), and finance can have a higher calling.

06/17/2009 -- A fresh look will be needed, including a newer look at the hapless.

Modified: 09/19/2013

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