I can't believe that GS's "Global Equities Opportunity" fund needs a $3B bailout because their computer didn't understand that markets go up and markets go down.
I think the term "quant" can officially be deemed the equivalent of "idiot" now - Mr. Roget, please proceed...
This is also a call out all the frustrated engineers, physicists and mathematicians on Wall St. We in finance would like you to go home now, and let the rest of us that know how to invest do the actual investing.
How would YOU like it if the finance folks got into applying for worthless grants, designing city water systems, and cornering the market in bad hygene?
I didn't think so. So please - just go away....
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