<p>Impressive brainpower in the Berkeley Fin. Eng. program. One can’t help but think it would be put to better use in traditional engineering activities - making faster chips, designing computers that don’t crash, building bridges, whatever. Anything but how to squeeze the last nanocent of profit out of financial instruments. At the very least, I hope they all take the course on the failures of 2008 (and the earlier debacles such as LTCM).</p>