I’ve often scoffed at the notion that guys pushing buttons on computers to send large sums of money around the world and back takes talent. The bromide bandied about by Wall Street banks to the effect that that if compensation limits were imposed on them, that their their so-called ‘talent’ would go elsewhere is an insult to a person’s intelligence.
As Nassim Nicholas Taleb testified before Congress in the clip shown below, the Banking Industry has lost every dollar they’ve ever made in history and then some, and their only real talent is paying themselves bonuses. Enjoy the clip:
