Archive for October, 2015

How Not To Be a Jerk

Tuesday, October 13th, 2015

If you’re going to manage other people’s money, you need to have mega-ethics

by Jonathan Page, Student of Master of Business (Applied Finance)

Quantitative risk methods have negated personal ethics and responsibility for individual investors and those managing other people’s money – Modern society has a faith-like belief in materialism, that is, science, mathematics and their practitioners. Self-driving cars promise safety and efficiency, as do robots replacing humans in the workplace. Further, the world, including its governments, politicians, scientists and academics believe ‘climate’ can be modelled and forecast with mathematics. If that was not a big enough ask from the gods of materialism, it is believed that finance practitioners can measure, model and control risk in financial markets. Can I hear an Amen?

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