The financial services industry channels the smartest graduates into zero-sum competition to predict price moves microseconds faster than rivals, which produces private gain but no social product—evidenced by 45% of Princeton's pre-crash graduating class entering finance.
causalpending
Speaker
Robert FrankEvidence Quote
“help come up with an algorithm that's going to predict when the price is going to move ten seconds before the second-fastest algorithm does it but Bob Goldman Sachs chairman Lloyd Blankfein assures me they're doing the Lord's work”
Created: 6/17/2026, 9:48:29 AM
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