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Re:$400M in assets to bankrupt in 45-minutes because of a fa... by hgomersall on Sunday September 10, 2023 @04:56PM (#37459990)
I'm so glad I'm not wasting my life working in finance.
Re:$400M in assets to bankrupt in 45-minutes because of a fa... by shric on Sunday September 10, 2023 @05:29PM (#37460262)
I've worked in various small to medium IT companies, a FAANG and another fortune 500 tech company. 6 months ago I moved to a proprietary trading company/market maker and it's the most interesting and satisfying place I've worked so far.

I hope to continue to "waste my life" for many years to come.

Re:$400M in assets to bankrupt in 45-minutes because of a fa... by hammeiam on Sunday September 10, 2023 @06:37PM (#37460824)
May I ask which one, and what your process was that led you to them?
Re:$400M in assets to bankrupt in 45-minutes because of a fa... by envsubst on Sunday September 10, 2023 @05:19PM (#37460171)
I'm sure all your jobs have contributed to the well being of humanity.
Re:$400M in assets to bankrupt in 45-minutes because of a fa... by goldinfra on Sunday September 10, 2023 @05:28PM (#37460254)
Most jobs do in fact contribute to the well being of humanity, however little. It's few jobs, like most in financial trading, that actively reduce the well being of humanity.

Never will you meet a more self-deluded and pathetic set of humans. Desperate money addicts that often become other kinds of addicts. Whole thing should be abolished.

Source: I worked in finance when I was young and dumb.

Re:$400M in assets to bankrupt in 45-minutes because of a fa... by yieldcrv on Sunday September 10, 2023 @05:38PM (#37460337)
I, for one, am so glad to “own” the “compose” button at a democracy destabilizing adtech-conglomerate
Re:$400M in assets to bankrupt in 45-minutes because of a fa... by meiraleal on Sunday September 10, 2023 @05:42PM (#37460370)
> Most jobs do in fact contribute to the well being of humanity, however little.

No, they don't. A lot of jobs hold os back, actually. Salespeople selling things people don't wanna buy, finance and tech bros vampirizing third world countries without the safeguards that western countries have on their capital markets, etc.

Re:$400M in assets to bankrupt in 45-minutes because of a fa... by dang on Monday September 11, 2023 @03:11PM (#37472217)
Hey, can you please review the site guidelines and stick to them when posting here? We have to ban accounts that won't.

https://news.ycombinator.com/newsguidelines.html

Re:$400M in assets to bankrupt in 45-minutes because of a fa... by envsubst on Thursday September 14, 2023 @11:55AM (#37510646)
Yes.

I expect that the comment above describing jobs in finance as a "waste of life", with no other content is also unacceptable.

Re:$400M in assets to bankrupt in 45-minutes because of a fa... by dang on Friday September 15, 2023 @01:47AM (#37518968)
It sounds like it! but I didn't see that one.
Re:$400M in assets to bankrupt in 45-minutes because of a fa... by TheAlchemist on Sunday September 10, 2023 @08:10PM (#37461350)
Out of curiosity - in what domain do you work ?

I find the work in finance / tech very interesting. Societally useful ? Almost certainly not. But probably still more than most good-paying tech jobs.

Re:$400M in assets to bankrupt in 45-minutes because of a fa... by daft_pink on Tuesday September 12, 2023 @01:43AM (#37477247)
I work in finance/tech, but my code doesn't execute million-dollar trades automatically. Cash transactions are reviewed by a human, and its mostly data analysis type work.

It's one thing to make recommendations or calculations and give the report to a human. It's another to start trading high volume in real time automatically.

Re:$400M in assets to bankrupt in 45-minutes because of a fa... by pxmpxm on Sunday September 10, 2023 @09:16PM (#37461742)
Actually it's one of the few truly intellectually-pure endeavors. Everything else is the same pursuit with extra steps:

Make a trading strategy to make money

vs

Make a cutting edge machine learning classifier to back out latent meaning in search queries to produce better search results to drive more traffic to google to sell ads to make money

Re:$400M in assets to bankrupt in 45-minutes because of a fa... by hgomersall on Monday September 11, 2023 @02:18AM (#37463548)
You're not wrong, but the problem is those steps are also the steps that produce food, or improve health, or solve climate change or solve any of the innumerable problems we face as a society. As you identify, there are plenty of pursuits other than finance that are not particularly socially useful - it's not a very exclusive club.