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I often wonder that the financial crisis that we are going through which is partly created by these crazy derivatives, created by math geniuses who instead of using their MIT degrees to make a difference in the world, used it to create bizarre financial instruments. I wonder how much we lost, not merely money and our economic crisis, but how much we lost from the brain drain to Wall Street, they are some of the smartest mathematicians that’s where they went, because that’s where the money was.
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-Leo Laporte in TWIT episode 223
This statement from Leo really hit me when I was listening to the show this week. Did the next Bill Gates, Jonas Salk, Larry and Sergey, etc., use their brains in trying to arbitrage the market vs. building one of the next great technologies or cures for civilization.
