Quote:
Originally Posted by ElDiabloJoe
I would absolutely take the 40 yr experienced CFA (NOT a CFP) over the self-made billionaire with an MIT degree.
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The difference between finance and engineering? fairly straight word:
engineering used the physical laws of nature, which have very specific properties and very, very narrow std deviations of differences, validated over and over again.
finance and economics are abstract concepts, finance about valuations based upon the future. Economics is about how humans manage money and make decisions about money, which has very large standard deviations, and results from the conceptual thoughts and feelings emanating from the brain.
neither is smarter than the other, but different yes, and seldom do these skills cross over very well into the other area of expertise
but you are all free to believe whatever you want to believe
philosophy guy