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A comment on A.I. researchers are making more than $1M, even at a nonprofit. Parent comment

Re:A.I. researchers are making more than $1M, even at a nonp... by mruts on Sunday September 29, 2019 @02:04PM (#21108570)
Yeah that’s pretty insulting, honestly. Black or Sholes were making >10m as thought leaders in banks. It’s surprising to me that finance is so passe as a career despite the fact, as Matt Levine said, “they are run as employee run co-ops.” In otherwords, big big money. Entry level analysts at my old firm were making over 250k total comp.
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Re:A.I. researchers are making more than $1M, even at a nonp... by ben_w on Sunday September 29, 2019 @02:18PM (#21108678)
Didn’t Black & Sholes win a Nobel Prize? I don’t think it’s fair to compare their pay to that of “mere” experts, even in the same field.
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Re:A.I. researchers are making more than $1M, even at a nonp... by adambyrtek on Sunday September 29, 2019 @02:45PM (#21108851)
Scholes & Merton also joined a hedge fund that traded based on their models and cased a financial crash after the Russian bond default in 1998 which their models didn't take into account. Great example of a black swan event.

https://en.wikipedia.org/wiki/Long-Term_Capital_Management

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Re:A.I. researchers are making more than $1M, even at a nonp... by HenryKissinger on Sunday September 29, 2019 @04:23PM (#21109405)
It's only a black swan event if you pay no attention to geopolitics, which unfortunately banking types don't, at least not beyond WSJ/FT headlines.
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Re:A.I. researchers are making more than $1M, even at a nonp... by mruts on Sunday September 29, 2019 @04:44PM (#21109521)
A more accurate statement would be that most fund managers care about geopolitics too much, and quants too little.
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Re:A.I. researchers are making more than $1M, even at a nonp... by codingslave on Sunday September 29, 2019 @02:45PM (#21108852)
People in tech generally have no clue of how much money gets made in finance
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Re:A.I. researchers are making more than $1M, even at a nonp... by sdenton4 on Sunday September 29, 2019 @03:00PM (#21108967)
Just put your hand in the giant rushing river of money and see what sticks...
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Re:A.I. researchers are making more than $1M, even at a nonp... by mruts on Sunday September 29, 2019 @03:57PM (#21109292)
The oyster farmer eats more oysters than everyone else. The money farmer eats more money than anyone else.
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Re:A.I. researchers are making more than $1M, even at a nonp... by megaremote on Sunday September 29, 2019 @07:30PM (#21110335)
> People in tech generally have no clue of how much money gets made in finance

People in everything have no clue. Nothing to do with tech people being ignorant.

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