Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Please don't post about US Politics. If you need to do this, try !politicaldiscussion@lemmy.world
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
Money managers, financial management. Yeah, they make sense in capitalism but they really don't produce anything tangible.
I think 'producing something tangible' is hardly a fair metric.
A therapist doesn't produce something tangible, but many of them provide value to their clients.
A guitar teacher (or any teacher for that matter) doesn't produce something tangible either, but they again provide value.
If the business is to produce educated people. Teachers provide the core benefit.. and pretty measurable.
It's when there's a teacher with 7 line managers that are just have meetings to talk about the teachers "output" that causes the problem.
Yeah but those aren't groups I have to deal with unless I choose to. You really can't get around the financial system. It's not like I can take a 100 bucks and walk up to say a gas station and say "1 share please". And before you say Robinhood keep in mind that you don't actually own those stocks, they own them and you are just "managing it".
I'll agree to that but still wish we didn't have a "need" for finance people.
What does Atwater make?
What do you mean, like, how much money does the company make?
Oh, no, I mean what do we make?
I don't follow. We make money.
No, I know we make money. I mean, what do we create?
We create wealth.
No, no, I mean, what do we build, what do we design, you know? Because I have some ideas that could really help the company.
Charlie, Charlie, Charlie, we don't build anything.
I mean most are just greedy cuz the field attracts those kind of people. You'd be surprised how many people have next to no financial literacy and a GOOD financial expert can do legitimate good for these people.
I did say it makes sense in capitalism. I too pay to use one. I'd like a world without them.
The financial industry is, ostensibly, about connecting people that need money to people that have more than they need. In practice it's about skimming from the top of EVERYTHING in society.
They provide plebs access to the complicated world of finance and pass on some of the yield. I think that's valuable.