Showing posts from October, 2008

Didn't we put our best boys to work in i-banking?

Over the years I saw and wondered at the recruitment patterns at I-banks and other top notch financial institution. They took BTechs, MBAs and PhDs, in Mathematics, Computer Science and even Physics. These were some of the best brains around, armed with the best education our society offered. And we hoped we were in secure hands. Only that the mess we see now tells us we were not. It is one thing to be able to crunch numbers, to be able to understand and beat complex dynamics of markets, to churn profits years after years for your employers. Putting it all in perspective and seeing the big picture is another. When profit is the only marker one gets judged by, soon or later it will stop mattering where it came from. It has happened again and again but alas ! our greed gets better of us every time. I think, at one level, it all comes back to the familiar question of responsibility of science. Just because something can be done, should it be done? Packaging bad intentions into a intellect