Much of what investment bankers do is socially worthless (2010)
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2007–2026One slot for every year since HN launched. Height is that year's peak points; orange marks a 100+ point or 50+ comment breakout. Select a bar to open its strongest thread.
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HN comment orderI find the whole banking world to be fascinating, much in the same way that I find the topic of cancer to be fascinating. Both are extremely complex and yet fundamentally simple. Don't get me wrong, I'd much rather have a bank than have cancer, I'm just saying that I love learning about how these complex systems work, how they work with (and against) other systems, and so forth. In the case of international finance, I think it's really cool…
A well written, balanced article. As someone who has spent many years in the banking/investment industries on both the "buy" and "sell" sides I can say that there is no doubt in my mind that banks are an essential part of a healthy economy. I can also say without any doubt that banks have been allowed to go way too far and that it is all about the short-term rewards.
The first top-level comment from each of the four biggest threads, in HN’s own order. Excerpts are shortened; open a comment for full context.
- Breakout years
- 2
- Total points
- 303
- Total comments
- 232
100+ points or 50+ comments
reference only — not used in Hall rules or ranking
reference only — not used in Hall rules or ranking
Every submission
| Date | Title as submitted | By | Points | Comments |
|---|---|---|---|---|
| 2010-11-22 | What good is Wall Street?First breakout | philk | 90 | 61 |
| 2013-01-14 | Wall Street, investment bankers, and social good | MaysonL | 1 | 0 |
| 2013-12-04 | Much of what investment bankers do is socially worthless (2010)Best thread · Latest 20+ point return | Aloha | 212 | 171 |