I wasn't trying to correlate the two together. Just saying very smart people just like the rest of us can be wrong, greedy, deviant, self-serving, evil, "dumb", etc.

 

If you want to see how a bunch of very smart people can come up with really bad forecasts based on statistics, complex mathematical equations and historical data and screw up the whole world, look no further than federal reserve, Wall Street, the banking system and all the smart country club politicians. AGW among other things will be placed on the very back end of the burner once the next financial crisis hit the fan shortly.

- mrjinx007

All of the institutions you mentioned are quite old, so the science isn't that great. The Federal reserve performs a valid function, a slight perusal (newer meaning, not original meaning) of US history would show that. Banks and Wall street are governed by greed and any "science" they use is to further that. Based on profits they seem to have it dialed in pretty well.

Lets do a little comparison, show me the education a wall street trader needs and I'll show what a science doctorate requires. I think you will see that if greed was the motivation they are in the wrong bidness.

I'm not sure Global Warming is on the front burner.

 

"Banks and Wall St. are governed by greed and any science they use is to further that." Their "Greed" pales in comparison to the Federal Government. The Government takes our freedom along with the greed.

 

My nephew is currently pursing his PhD in economics and interns at ECB. His goal is either IMF economist or ECB economist. Here is the requirement for IMF:
The Fund requires candidates to have five to fifteen years of professional experience with economic policy issues at the national level. This experience is usually gained in a central bank, ministry of finance, or international financial institution. Experience in a research institute or academia is also acceptable, provided that the candidate has been exposed to policy making, possibly by working as a consultant for any of the institutions mentioned above. The ability to conduct technical discussions and to write reports in English is essential. Fluency in additional languages such as French, Spanish, Russian, Chinese, or Arabic would be an asset.
Educational Requirements
A Master's or a Ph.D. degree in macroeconomics or related field, such as political economy, international economics, monetary theory and banking.

Professor Draghi worked for Goldman Sachs prior to becoming ECB president. He was also an Italian banker prior to that. Dr. Ben Shalom Bernanke is now an advisor to a hedge fund firm.
Most of the executive wall street investment bankers are highly educated people as well. Now, I do realize some of the lower employees (traders) have equivalent or less than MA's. But, when it comes to trading, you just have to follow certain rules and technical indicators which requires training.
In contrast, a lot of high school dropouts count very smart people as well. Snowden, David Karp, Bill Gates, Albert Einstein, Thomas Edison, Woody Allen and Steve Jobs (collage dropout). Most of them had one thing in common as do most dropouts today; they bucked at the system, they reused to just swallow whatever the teachers tried to shove down their throat, they questioned the teachers and as the result got into trouble for it.
Academia is fine and necessary but what it perceived/determines is not "gospel truth".
P.S., my nephew speaks 4 languages.

 

Some of your examples seem to be wrong.

Gates was attending Harvard:
Gates took a leave of absence from Harvard to work with Allen at MITS in Albuquerque in November 1975. They named their partnership "Micro-Soft" and had their first office located in Albuquerque.[44] Within a year, the hyphen was dropped, and on November 26, 1976, the trade name "Microsoft" was registered with the Office of the Secretary of the State of New Mexico.[44] Gates never returned to Harvard to complete his studies.

https://en.wikipedia.org/?title=Bill_Gates

Albert Einstein went to college after high school:
In 1895, at the age of 16, Einstein sat the entrance examinations for the Swiss Federal Polytechnic in Zürich (later the Eidgenössische Technische Hochschule ETH). He failed to reach the required standard in the general part of the examination,[20] but obtained exceptional grades in physics and mathematics.[21] On the advice of the principal of the Polytechnic, he attended the Argovian cantonal school (gymnasium) in Aarau, Switzerland, in 1895-96 to complete his secondary schooling. In September 1896, he passed the Swiss Matura with mostly good grades, including a top grade of 6 in physics and mathematical subjects, on a scale of 1-6.[24] Though only 17, he enrolled in the four-year mathematics and physics teaching diploma program at the Zürich Polytechnic.

https://en.wikipedia.org/wiki/Albert_Einstein

Steve Jobs had money problems:
In the Fall, Jobs enrolled at Reed College in Portland, Oregon. Reed was an expensive college which Paul and Clara could ill afford. They were spending much of their life savings on their son's higher education.[41] Brennan remained involved with Jobs while he was at Reed College.[32] She also met his Reed friend Daniel Kottke for the first time.[40] Brennan (who was now a senior at Homestead) did not have plans to attend college, and was supportive of Jobs when he told her he planned to drop out of Reed because he didn't want to spend his parent's money on it (neither her father nor Jobs' adoptive parents had gone to college). He continued to attend by auditing classes ( including a course on calligraphy44), but since he was no longer an official student, Brennan stopped visiting him.

https://en.wikipedia.org/?title=Steve_Jobs

Your characterization of these people seems to be way off. None of the 3 above quite high school or even college for the crazy reasons you mentioned.

Edison went to school for 3 months and then was home schooled. His education ended over him appearing addled to his teacher, not because of some refusal of the topics covered.

https://en.wikipedia.org/wiki/Thomas_Edison

4 of your 7 examples are completely wrong. Your fantasies are hereby REJECTED.

Also, thanks for listing those IMF job requirements, could you list the requirements for a wall street trader now…as requested.

 

"Banks and Wall St. are governed by greed and any science they use is to further that." Their "Greed" pales in comparison to the Federal Government. The Government takes our freedom along with the greed.

- Gerald Thompson

Thanks for your opinion.

 

It is not an opinion. Look at what has happened to date. Keep your head in the sand or maybe you are a Statist and think this is a good thing.

 

It is not an opinion. Look at what has happened to date. Keep your head in the sand or maybe you are a Statist and think this is a good thing.

- Gerald Thompson

It is definitely your opinion, or someone's opinion you are parroting.

I can't google the facts to support/refutetiate :-} that opinion. Not like googling a foundation to see what they do.

 

An opinion is formed on facts. Big Government takes our money and grows bigger and bigger and it takes our money/freedom to support it. The government always takes and produces nothing.

 

Did you miss this part?
Gates did not have a definite study plan while a student at Harvard39 and spent a lot of time using the school's computers. Gates remained in contact with Paul Allen, and he joined him at Honeywell during the summer of 1974.[40] The following year saw the release of the MITS Altair 8800 based on the Intel 8080 CPU, and Gates and Allen saw this as the opportunity to start their own computer software company.[41] Gates dropped out of Harvard at this time.[42] He had talked this decision over with his parents, who were supportive of him after seeing how much Gates wanted to start a company.[39]

 

Did you missed the word "Failed" in your reading?
He failed to reach the required standard in the general part of the examination,[20] but obtained exceptional grades in physics and mathematics.

 

Did you miss this part?
Jobs's youth was riddled with frustrations over formal schooling. At Monta Loma Elementary school in Mountain View, he frequently played pranks on others.[37] Though school officials recommended that he skip two grades on account of his test scores, his parents elected for him to skip only one grade.[37][38]

 

Do you see a drop out there?
Brennan (who was now a senior at Homestead) did not have plans to attend college, and was supportive of Jobs when he told her he planned to drop out of Reed because he didn't want to spend his parent's money on it (neither her father nor Jobs' adoptive parents had gone to college). He continued to attend by auditing classes ( including a course on calligraphy44),

It seems some folks have an agenda to skim through things just to present an opposing view for the sake of argument; fine with me.

 

I think you missed this part of my post as well.
Now, I do realize some of the lower employees (traders) have equivalent or less than MA's. But, when it comes to trading, you just have to follow certain rules and technical indicators which requires training.

 

Trading is a very tedious job. You sit in front of the computer and watch 2 or 3 stock that you have some fundamental information on. The trader determines his stops and exit strategies before executing the trade. There are some basic concepts that have to be followed. For example, the trader's projected gain should equal to 3x his projected loss. This strategy allows the trader to actually make money when she is wrong 55% of the time. Various indicators such as scholastics, bolingers and moving average convergence/divergence are used in conjunction with other trading discipline. This does not require a PhD unless there is one for patience and focus. It is the most boring job in the world.

 

An opinion is formed on facts. Big Government takes our money and grows bigger and bigger and it takes our money/freedom to support it. The government always takes and produces nothing.

- Gerald Thompson

Thank you for your opinion.

 

Did you miss this part?
Gates did not have a definite study plan while a student at Harvard39 and spent a lot of time using the school s computers. Gates remained in contact with Paul Allen, and he joined him at Honeywell during the summer of 1974.[40] The following year saw the release of the MITS Altair 8800 based on the Intel 8080 CPU, and Gates and Allen saw this as the opportunity to start their own computer software company.[41] Gates dropped out of Harvard at this time.[42] He had talked this decision over with his parents, who were supportive of him after seeing how much Gates wanted to start a company.[39]

- mrjinx007

Still don't see where he quite high school, and where does this come in?

they bucked at the system, they reused to just swallow whatever the teachers tried to shove down their throat, they questioned the teachers and as the result got into trouble for it.

 

Did you missed the word "Failed" in your reading?
He failed to reach the required standard in the general part of the examination,[20] but obtained exceptional grades in physics and mathematics.

- mrjinx007
[/QUOTE]
yes for that school, but then went to another one, graduated, then went on to college and then teaching.

Where did this come in?

they bucked at the system, they reused to just swallow whatever the teachers tried to shove down their throat, they questioned the teachers and as the result got into trouble for it.

 

Did you miss this part?
Jobs s youth was riddled with frustrations over formal schooling. At Monta Loma Elementary school in Mountain View, he frequently played pranks on others.[37] Though school officials recommended that he skip two grades on account of his test scores, his parents elected for him to skip only one grade.[37][38]

- mrjinx007

Where did this come in?

they bucked at the system, they reused to just swallow whatever the teachers tried to shove down their throat, they questioned the teachers and as the result got into trouble for it.

 

Do you see a drop out there?
Brennan (who was now a senior at Homestead) did not have plans to attend college, and was supportive of Jobs when he told her he planned to drop out of Reed because he didn t want to spend his parent s money on it (neither her father nor Jobs adoptive parents had gone to college). He continued to attend by auditing classes ( including a course on calligraphy44),

It seems some folks have an agenda to skim through things just to present an opposing view for the sake of argument; fine with me.

- mrjinx007

I see a drop out of college to save his parents money.

Where did this come in?

they bucked at the system, they reused to just swallow whatever the teachers tried to shove down their throat, they questioned the teachers and as the result got into trouble for it.

 

I think you missed this part of my post as well.
Now, I do realize some of the lower employees (traders) have equivalent or less than MA's. But, when it comes to trading, you just have to follow certain rules and technical indicators which requires training.

- mrjinx007

I asked about the traders, the average workers to compare to the average doctorate, most researchers, but not all have at least one graduate degree.

If you aren't up to it, I can surely understand, based on your refutiations :-}

 

Trading is a very tedious job. You sit in front of the computer and watch 2 or 3 stock that you have some fundamental information on. The trader determines his stops and exit strategies before executing the trade. There are some basic concepts that have to be followed. For example, the trader s projected gain should equal to 3x his projected loss. This strategy allows the trader to actually make money when she is wrong 55% of the time. Various indicators such as scholastics, bolingers and moving average convergence/divergence are used in conjunction with other trading discipline. This does not require a PhD unless there is one for patience and focus. It is the most boring job in the world.

- mrjinx007

and yet they helped crash the world economy, go figure. The job doesn't really matter. Just how far off your comparison was and some crazy idea that really smart people quite high school because:

they bucked at the system, they reused to just swallow whatever the teachers tried to shove down their throat, they questioned the teachers and as the result got into trouble for it.

 

Seriously, you're arguing Gates course load at Harvard to show he dropped out of high school!!!!!

Am I the only one to find this ridiculous?

 

Try to contain this kid in his 2nd grade class. Watching it to the end might prove to be good therapy.

 

Try to contain this kid in his 2nd grade class. Watching it to the end might prove to be good therapy.

- mrjinx007

This in no way supports your claims about the others quitting high school.

Advise from a genius isn't necessarily applicable to everyone, in fact probably most can't follow it to the same conclusion he/she did.

You have a notion that is wrong, but you won't let go of it and you are torturing facts to try and support it.

I really don't know what to say to you now, except have a nice day.