Thursday, February 9, 2012

Mark Cuban on Financial Engineering

Today, I am reading the Freakonomics Q&A with Mark Cuban. In response to a question that essentially asked if engineers should go into finance, here's what Mark Cuban had to say:
We have too many bright grads concentrating on “financial engineering” rather than actually making something and contributing to society. I think we will see tax and regulatory policy that will reduce the incentives and increase the friction for those who “hack” the stock market and focus on financial engineering. Which, in turn, hopefully will incentivize you and others to enter other disciplines.
He goes on to say what he thinks should be done about the problem of financial engineers. Whether or not you agree with is ideas on the topic (I'm conflicted), his interview is an interesting read. Plus, he talks about other topics, too.

No comments:

Post a Comment

Please feel free to share your ideas about this post in the open forum. Be mindful that comments in this blog are moderated. Please keep your comments respectful and on point.