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IDemo

(16,926 posts) Mon Feb 29, 2016, 04:00 PM Feb 2016

HEDGE FUND MANAGER: There are lots of Gordon Gekkos on Wall Street, and that needs to change

Value investor Guy Spier, a Warren Buffett disciple and founder of Zurich-based Aquamarine Fund, said that he might have served the world a lot better had he studied something else in school.

"I think that I might have served the world a lot better if I had gone and done engineering because I would have ended up maybe making something," Spier said, "And instead all I do is manipulate claims of society."

Speaking to a room of students at the MIT Sloan Investment Conference on Friday, he posed a question to the room of students:

"Do we need as many people in finance as we have and would the world be better served if we could make half of the minds that are in finance and have them go build bridges and do things in the real world?"

http://www.businessinsider.com/guy-spier-talk-at-mit-2016-2

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HEDGE FUND MANAGER: There are lots of Gordon Gekkos on Wall Street, and that needs to change (Original Post) IDemo Feb 2016 OP

I get the question, but what's the solution? WillowTree Feb 2016 #1

WillowTree

(5,325 posts)

1. I get the question, but what's the solution?

Reply to IDemo (Original post)

Mon Feb 29, 2016, 04:31 PM

Feb 2016

You can't tell people "No, you can't go into that profession because it's 'full'" if there's someone who will hire them for that line of work.

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