>>10889844>You are seriously ignorant.im really not, and really was an auditor in the financial industry.
I never said that quant firms dont exist, i know they do.
They serve as a smoke screen so when the corrupt firms make a billion dollars in a recession they can be like " oh well, were super duper geniuses who can see into the future with our super duper financial models, waymore advanced than your stupid ratios in excel, that how we were able to profit while everyone else lost".
When in reality it's all sorts of insider trading, political connections that help people avoid prosecution or allow a merger to go through. Intel at the patent office or a common one was people with knowledge on the FDA approval of drugs in the pipeline at pharmaceutical industry.
Remember when everyone for years defended Bernie Madoff and just said he was a math wizard and thats how he was able to produce those returns. When anyone with an ounce of skepticism and critical thinking skills knew it was complete fraud.
Same thing except not all fraud is ponzi schemes. These places are basically criminal enterprises, and at best highly unethical business that operate in a way not consistent with their outward appearances.
Im no ignorant, you are just naive, and possibly smart and hopeful that you can use your smart skills to make money. You will soon realize that the smart skills that matter for making money in the financial industry are the skills of being cunning, shrewd, and unscrupulous.
