Jim Simons speaks on his big picture ideas

[guru]

If same team would have worked on climate model instead.
Weather prediction models would probably be more accurate by now.

But knowing human nature for what it is , it all makes sense.

There is no way to prove that a better team isn’t working on climate models. Many scientists refuse to go into finance, while many great minds work for tech firms, including Google’s DeepMind.
While for people who go into finance, maybe that’s the point: not necessarily being smarter than other great scientists but being known as being the smartest.

 

[931]

There is no way to prove that a better team isn’t working on climate models. Many scientists refuse to go into finance, while many great minds work for tech firms, including Google’s DeepMind.
While for people who go into finance, maybe that’s the point: not necessarily being smarter than other great scientists but being known as being the smartest.

IMO working for Google in the end feeding greed just the same. Probably scientists there even have less stake in and feed owners more.

Do you believe people who benefit from Google have different fundamental motivatons compared to finance?

 

[Millionaire]

Do you believe people who benefit from Google have different fundamental motivatons compared to finance?
Working for Google in the end feeding greed just the same. Maybe even have less stake in and feed others more.

Other developers i know will not work for certain companies.

Obvious one are gambling and defence.
Recently someone left to join Facebook and other devs said they would never work for Facebook.

Personally i would work for the highest bidder
Actually thats not my main concern anymore, but used to be when i was younger and had no money.

 

[Millionaire]

Is finance far from gambling?

Most gambling is just entertainment. There is not much other benefit.

Finance supposedly helps companies raise capital so they can come up with better ways of doing things or invent new things and help raise everyones standard of living.

Speculation is gambling for most, if 80% lose. These losers are just really gambling although they are also providing extra market liquidity and depth.

 

[guru]

IMO working for Google in the end feeding greed just the same. Probably scientists there even have less stake in and feed owners more.

Do you believe people who benefit from Google have different fundamental motivatons compared to finance?

Google was just an example, while some great minds may work in variety of industries.
However, working for many high-paying firms may generally be “better” and often a big part of motivation is to solve world’s problems.
If you’re doing what you like and solving world’s problems, but don’t make great money from it - then you’re simply getting screwed. Nobody wants to solve world’s problems just to get screwed

Secondly, money simply provides freedom to do great things, start companies that have purpose, or invest in others.

Really, how would the world look like if everyone worked for a cause but nobody was making money and wasn’t able to fund anything. We’d all be a third world country.

While all the world’s progress is built on financial motivation, and/or at least being able to raise funds from investors who first had to make money, then invest into others who want to improve the world while understanding they too will need to be rewarded.

 

[guru]

IMO working for Google in the end feeding greed just the same. Probably scientists there even have less stake in and feed owners more.

Do you believe people who benefit from Google have different fundamental motivatons compared to finance?

Btw, your question and reasoning surprises me, because I’d like to believe that everyone wants to make money to then have the freedom to put it to good use.
But if you don’t think so then what’s your own motivation to make money? Wouldn’t you do something good with it?

 

[931]

Btw, your question and reasoning surprises me, because I’d like to believe that everyone wants to make money to then have the freedom to put it to good use.
But if you don’t think so then what’s your own motivation to make money? Wouldn’t you do something good with it?

By feeding greed in relation to google I was referring to stockholders or whoever benefits from scientists success and breakthrough's the most.

IMO money=collective help.
And i like help like many people. Or helping if enough. Some people never have enough, might as well be one of those, too early to say.

I do most everyday stuff and repairs myself. With more money the ratio might be different.

Good and bad are subjective IMO.
What is good for some people might be bad for others.
Especially in zero sum games.
Mistargeted greed & misery is seasoned investors fortune, right?

 

[markteshorn]

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[guru]

This man is the largest systematic volume seller in the world. His suggestions are real and helpful for every trader.

How do you sell volume?

 

[Millionaire]

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