Finance with Actuarial Science

Those (natural) laws cannot be circumvented by any amount of piety or cleverness, but they can be understood. Uncovering them should be the highest goal of a civilized society. Not, as we have seen, because scientists have any claim to greater intellect or virtue, but because the scientific method transcends the flaws of individual scientists. Science is the only way we have of separating the truth from ideology, or fraud, or mere foolishness.

I was particularly interested in that, in working on Jurassic Park that aspect of what are the negative parts. Because in talking with the people who were doing this kind of research what I was hearing was that the most responsible of them were deciding not to proceed down certain lines of inquiry which is really a new phase in science. Traditionally in science what the scientists themselves have said is: "I might as well do it, because if I don't, someone else will. It is going to happen inevitably." I think there's recognition now, that it's no so inevitable and it's quite conceivable that if I don't do this research neither will anyone else. It's simply too dangerous.

There’s no longer any reason to believe that the wizards of Wall Street actually contribute anything positive to society, let alone enough to justify those humongous paychecks. ... It’s hard to think of any major recent financial innovations that actually aided society, as opposed to being new, improved ways to blow bubbles, evade regulations and implement de facto Ponzi schemes.