The Spider Network, a novelistic account of the mediocre rich men who robbed the world with Libor

You’re not kidding. Goldman Sachs still has the world confused as to how it makes money (they are indeed the smartest people in the room, and basically practice arbitrage on all the gaps the normal bankers leave).

But I’ve met a few wealthy bankers over time. They are incredibly mediocre, even just being the person who will do the dirty work just for a big bonus. They’re not even that greedy. They’re just incredibly vain, self-centred, and over-inflated.

I’ve met good ones too. But the common factor is an ability to deny reality and consequence, and sail through the world being awful to others without either acknowledging or empathising with the negative externailities of their actions.

Hooray though!

AI will kill my job, and theirs, in time.

1 Like