Groulxsmith posted:
leveraged sellout was so terrible its author either doesn't really work in the industry or just wanted to write tawdry tucker maxesque stuff based on legends and movies and books from the 70s and 80s
the reality of a banker's life is far more banal, i don't see the point in throwing up stories of personal excess and vapidity as a polemic when the consequences of reality itself is far more damning
it's seriously the kind of book middle office guys read and would try to emulate, not a real telling look at an elite though
ya, but the former is more interesting
do you still work in financial trading?
getfiscal posted:
some development ngos looked at how obviously bad microcredit can get and that's why you see the buzzword "micropayment" now where like a charity will give a person like a few dollars so they can buy a piece of tin for a roof or whatever. which is better but like... guys... it's 2012 and you just came up with the idea of "give poor people some money". it's like you fly in all these advisers and raise millions of dollars through aggressive marketing campaigns and then you come up with "flip a coin to that scruffy looking chap" as the bleeding edge in development aid technology.
send money to youtube sensation "golden-voiced subsistence farmer" we're gonna fix this shit guys!!
Edited by TROT_CUMLOVER ()
AmericanNazbro posted:Groulxsmith posted:
leveraged sellout was so terrible its author either doesn't really work in the industry or just wanted to write tawdry tucker maxesque stuff based on legends and movies and books from the 70s and 80s
the reality of a banker's life is far more banal, i don't see the point in throwing up stories of personal excess and vapidity as a polemic when the consequences of reality itself is far more damning
it's seriously the kind of book middle office guys read and would try to emulate, not a real telling look at an elite thoughya, but the former is more interesting
do you still work in financial trading?
no, i left a few years ago. i left at lunch on my next-to-last day and never showed up the next day or spoke to any coworkers ever again
Others pay 6 cents to use makeshift bathrooms.
The Sanergy team thinks people will pay that same 6 cents to use Sanergy toilets, essentially modified porta potties. They’re far from glamorous, but a huge step up from current conditions.
It will cost Sanergy about $200 to build each toilet. They’ll then turn around and sell it to a Nairobi resident for $400. At 6 cents a visit, Sanergy projects the new small business owner – essentially a franchisee – can make back his or her investment in about four months.
bullshit u put a bunch of new toilets on the streets and you won't be able to justify the 6 cent fee, new toilet operators gonna charge 5 cents, etc untill the whole industry is in the shitter
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Thanks, this is great.