Reason for Complexity
I read this in a very long article. This portion is worth sharing:
Finance has transformed the art of the simple into the perplexing into an industry. Nowhere (at least outside of acadmia) is overly complex structure and elegant (though not robust) mathematics so beloved.
The reason for such obsession with needless complexity is clear: It is far easier to charge higher fees for things that sound complex.
Obviously, no comments are warranted!
Regards,
N
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