i see people are upset that elon didn't generate his wealth the right way, drawing a 7 figure annual salary from a prestigious washington dc based ngo with a 25% program expense ratio
Things I am looking forward to:
The Clarity Act
The Innovation Exemption
A booming market for IPOs and capital raising
An AI supercycle
Tokenization of all securities and new models of trading
They just be cycling through every single sector nuking FOMO buyers
Housing during COVID
Crypto after COVID
Gold & Silver just a couple months ago
Fucking eggs and potatoes
Shit just goes up infinite and then nukes 50% like it's a shitcoin
I wonder how this IPO mania will end
I think that's despite, not because. Survivorship bias, not to mention most if not all of the folks in my class were morons. Smart people self select for "harder majors", and pay a degree premia due to being international, or from a non finance feeder program. Most quant PM's are not from the continental US. (French, Asian, Indian etc. ), and are thus compelled to get an obsolete pedigree in shit that hasn't mattered since '08. Can you do advanced ML/DL, Optimization, Linear Algebra and LL Programming/Optimization. Do you love positive expectancy, pay the price to ride the ride. Nothing to do with Continuous PDE's or Bergomi Vol Model. That's more for academic morons, look at ADIA. Then look at most multistrats.
One of the heads of my program was a literal moron, famously so. He fully ripped off another professor's slides, and parroted them while name dropping other academic morons. Avellaneda, De Prado, Capponi...morons. No edge, just hiding behind Latex.
Most MFE programs are just a transaction cost. I'd rather encourage folks to study pure/applied sciences or stats.