You can replace the word “investment banks” with “the boogeyman” in most lay discourse about the finance industry, including by technical professionals, a fact which is somewhat frustrating to me.
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“That sounds like snarking.” Imagine if I had just told you to optimize the performance of a React app by putting a multiplexer in the subroutines because it’s plausibly CPU-bound.
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I am doubly frustrated because if you believe them to be shadowy masters of the world economy and yourself to be intellectually curious you’re sort of pot committed to having *some idea* of how they make money, right?
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If you believe in vampire squids surely you need to care about vampire squids enough to answer the question “Is this drinking straw in fact a vampire squid? Is this hamster a vampire squid? Is a sofa a vampire squid insofar as they are both spongy?”
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