This comment from 2011 by siavosh, on another NYMag article about Wall Street really rings true:
> I hate articles like this.
I used to work on wall street, and these sort of articles were rampant up until the burst: they glamorize financial "wizards", hedge funds, trading life etc. They're financial porn. They glamorize what, in my opinion, is a dubious field. All the while attracting all sorts of people into a field that has already proven it's "value" or lack there of to society.
Edit: It's also funny how the top reply by btcoal describes this current article perfectly:
> These articles typically have a set format: 1. Intro into the mysterious culture of the hedge fund 2. Background on the precocious child prodigy turned market whiz 3. Description of firm's hiring practices of PhD's etc 4. Questioning value of Hedge Fund's to society 5. In conclusion, this hedge fund makes a lot of money...
> I hate articles like this. I used to work on wall street, and these sort of articles were rampant up until the burst: they glamorize financial "wizards", hedge funds, trading life etc. They're financial porn. They glamorize what, in my opinion, is a dubious field. All the while attracting all sorts of people into a field that has already proven it's "value" or lack there of to society.
https://news.ycombinator.com/item?id=2813902
Edit: It's also funny how the top reply by btcoal describes this current article perfectly:
> These articles typically have a set format: 1. Intro into the mysterious culture of the hedge fund 2. Background on the precocious child prodigy turned market whiz 3. Description of firm's hiring practices of PhD's etc 4. Questioning value of Hedge Fund's to society 5. In conclusion, this hedge fund makes a lot of money...