eli_sennesh comments on Things I Wish They'd Taught Me When I Was Younger: Why Money Is Awesome - Less Wrong

32 Post author: ChrisHallquist 16 January 2014 07:27AM

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Comment author: [deleted] 20 January 2014 04:51:49PM *  6 points [-]

The big banking houses did not rise through efforts of people with "mediocre intellects [and] high conscientiousness scores".

Mediocre compared to whom? Certainly, from what I've heard, the skills necessary for banking are, in this order:

  • Consciousness/Work Ethic
  • Ability to socialize with the upper classes
  • Intellect

With the general level of intellect being roughly "can pass freshman calculus but not necessarily an entire engineering degree." Certainly bankers aren't stupid, but if you compare their job to what's necessary in science, medicine, professional engineering, or law, I do think they're the "dumb jocks" of the smart crowd.

Comment author: Lumifer 21 January 2014 07:29:19PM 1 point [-]

Mediocre compared to whom?

It's the term you used. I assume compared to the general population.

the skills necessary for banking

What do you call "banking"? As is true for every complex industry, there is a variety of things to be done which require diverse skills. An accountant, a salesperson, and an executive might all work in a bank but the skills they need are very different.

Comment author: gjm 22 January 2014 11:20:18AM -1 points [-]

It's the term you used.

It appears in fact to be the term Izeinwinter used; so far as I know, Izeinwinter and eli_sennesh are not the same person.

Comment author: Lumifer 22 January 2014 04:50:43PM 1 point [-]

It appears in fact to be the term Izeinwinter used

Yes, this is correct.