Science vs money?

[Anonymous No.11277409]

Ok there's gonna be a bit of a story, please bear with me.

Early enough I realized I wanna do theoretical physics.
Somewhat later I realized I also want to have "money money". I'm talking hundreds of millions minimum. Problem is: you can't really make real money doing theoretical physics. Year, you can write a popular science book, but I don't wanna do that. You can go in industry. Would hate to do that as well. I'm purely interested in finding out new stuff, anything barely applied - not for me. Needless to say, one million dollars you get by winning a Nobel prize - is fuck all compared to the effort and luck it takes to get it. I mean what the fuck is a million dollars?

I thought "hey the job offer and the money offer in those jobs is so small, that you need to be a sucker to do it. I respect myself too much to settle for contribute so much value for so little".

So I found another thing I seem to show promise in that shows promise of make money in it. I'm interested in it enough. Decided to do it seriously and make money this way, while still being in uni studying physics. Perhaps it's enough for me to just know enough physics and I don't really have to actually do it.

But lately I've read some textbooks after having a long study break cause of the other thing and it was so great that I'm now having doubts. I've never really researched any money making prospects of my original life path.
Have I possibly missed something?
The new thing I started doing still requires me to start a business related to it at some point anyway, so really it just comes down to being able to make a good couple of millions and then to use that to start a scalable business related enough to what I'm doing.


Anybody went through something like this?

[Anonymous No.11277462]

do a physics undergrad and go to med school

[Anonymous No.11277487]

>>11277409
Every science degree chooses between 'making science progress with no money' and 'get high-paying job in finance/engineering that makes no science'. It's why everything is so broken, the feeling of making progress is literally worth millions of dollars, so asshole Universities pay nothing, yet at the same time the bankers have enough money to easily rip people away from improving humanity.

James Simons is a good example of the make money approach through math approach, if you wanna go that way.
https://www.youtube.com/watch?v=QNznD9hMEh0

[Anonymous No.11277532]

>>11277462
Med school is worse than any kind of engineering which is already fucking tedious. Besides, it's not nearly worth the money it offers. In the time you'll spend studying medicine you could become a millionaire from nothing a couple of times or - worst case scenario - make a lot of mistakes in business and figure out how to succeed.

[Anonymous No.11277699]

[Anonymous No.11277703]

>>11277699
yeah would be great to see the sources on that..

[Anonymous No.11277908]

>>11277703

[Anonymous No.11277943]

>>11277409
Breaking news: You can EITHER
contribute something meaningful to humanity
OR
make millions of dollars.

Pick 1

[Always-Always, KumKum No.11277957]

>>11277943
And humanity/history would be indifferent to either achievement/accomplishment!

[Anonymous No.11277964]

>>11277409
tldr will science 4 money.

[Anonymous No.11277967]

>>11277943
completely false
the reality is that if you're not able to use your genius to create something unique that people want then you'll never get rich.
the wright brothers were able to be the first to fly an airplane because they were able to create a an engine that was both lightweight and powerful enough to get off the ground. later on the wrights got rich manufacturing and selling lightweight airplane engines.

[Anonymous No.11278001]

>>11277943
why so down on money? you could use money to do meaningful things for humanity. money is just a tool it's people who are jerks or are good.

[Anonymous No.11278030]

>>11277409
the only way you're going to pull millions is by getting people under you as in labor exploitation, so become a ceo, there isn't literally any other job that will bring in a 1000 grand, maybe top comestic surgeon but fuck that

[Anonymous No.11278461]

Money you fool. I'm a savant at quantum physics (no not particle physics or anything else you turds, literally just good at qm and math) and I chose software engineering. The point is to make money and enjoy life while studying what you love on the side. Was thinking of getting myself a fourier spectrometer with my bank

[Anonymous No.11278474]

>>11277967
to be fair. there is very little scientific advancement left to be done, so what is one to do these days? might as well make yourself fat and rich.

[Anonymous No.11278476]

>>11277967
to be fair. there is very little scientific advancement left to be done, so what is one to do these days? might as well make yourself fat and rich gaming the system.

[Anonymous No.11278764]

>>11278461
You can make no less in some science-related field, so it software engineering just seems like a bad choice.

[Anonymous No.11278944]

>>11278476
haven't heard that one before

[Anonymous No.11279427]

This guy made "fuck you money" by going into options trading and hedge funds with a similar logic to OP. He didn't enjoy it, didn't get how you could possible enjoy it, but believed in freedom and self-respect, which require having enough money to make one independent.

The only question is: is this way on making money truly unlimited? Cause I'm not sure you can really make hundreds of millions this way.

[Anonymous No.11279454]

>>11277409
Just start directing your goals towards finding employment in the quant hedge fund industry. It's the same math for 100 times the money, and if you manage to become a portfolio manager then your hundreds of millions will be a reality.

[Anonymous No.11279455]

>>11277487
> James Simons is a producer and production manager, known for Malcolm in the Middle (2000), Lois & Clark: The New Adventures of Superman (1993) and Go On (2012).

> Billionaire mathematician!
> Made money in showbiz

Yeah, that only makes me strengthen my existing views.

[Anonymous No.11279460]

>>11279455
>retard got the wrong James Simons
Man, I don't recommend this often, but suicide is the perfect cure for your autism.

[Anonymous No.11279469]

>>11279427
I've read almost all of his books and I don't recall him ever saying he didn't enjoy it. I remember the opposite, that he was having wet dreams about Monte Carlo simulations.

> is this way on making money truly unlimited? Cause I'm not sure you can really make hundreds of millions this way.

It is unlimited. There are so many wealthy families today that becoming wealthy by proxy by just starting a hedge fund is as easy as it sounds. Look at the increase in family offices in the last decade, the growth of hedge funds, etc. And most hedge funds close and lose money, but their founders still got to pay themselves 500k salaries while it lasted. Taleb is just one of the actually talented ones who made real money with real risk. And if you are even 10% as talented as Taleb is, then you can run your hedge fund for like 3 years and already have 100 million in AUM, in 10 years you'll likely have billions, and then your fees will easily give you the hundreds of millions you want. You will actually have to fucking fight for this though. I'd much rather exit scam after like... maybe a net worth of 10M.

[Anonymous No.11279540]

>>11279460
Look
https://networthpost.org/james-simons-net-worth/

[Anonymous No.11279542]

>>11277409
>Early enough I realized I wanna do theoretical physics.
>Somewhat later I realized I also want to have "money money".

No offense but you sound like a typical brainlet that will achieve neither.

[Anonymous No.11279546]

>>11279542
Deductions over anonymous image board posts are known to be a bit unreliable.

[Anonymous No.11279549]

>>11279540
Then that website confused two James Simons. You can read an actual biography of James Simons the mathematician turned hedge fund manager, but it's only logic. You would have to be really fucked in the head to be producing TV shows while also running the biggest quant hedge fund in the world. Nice fan theory though.

[Anonymous No.11279590]

How DO you find a reliable well researched website on people's net worth?

[Anonymous No.11279602]

>>11279590
Just use Forbes like everybody else. What the fuck is networthpost lol.

[Anonymous No.11279777]

>>11279469
>real risk
It's called insider trading.

[Anonymous No.11279789]

>>11277908
Where is the source?

[Anonymous No.11281098]

>>11278476

There still is and still will be endless scientific advancement to be done, alas the efforts have now been nigh-totally concentrated into the hands of competing corporate blobs, with ALL the talent and ALL the resources. You either sign on with them, or get left out, or miraculously build your own little empire to compete.

[Anonymous No.11281104]

I'm in the same situation. I have 19 and want do theoritcal physics/pure math but also money money. I will turn to machine learning/artificial intelligence.

We need to make an alliance, OP. We can obtain hundreds of millions, my patterns have worked in many situations to predict things.

Contact with me.

[Anonymous No.11281158]

So, my plan is to make a reasonable amount of money ($10 million+) and a large income stream (be it through investing, real estate, stocks etc.). I'm currently studying pure math (what I love) at a relatively prestigious university, whilst also getting a minor in stats. In grad school I plan on getting an MS in either Stats or CS (or whatever else I find both interesting and make a lot of money). Then, live somewhat frugally (small apartment, cheap car, cheap (healthy) food, no girls etc.) all the while making bank. Investing that money in any of the options above or others, watch it pay off. By my late 30s I should be relatively wealthy. Have enough money to possibly help the life-extension movement. Hopefully if therapies/technologies do come out, then I can afford it with my large stash of cash. Reach longevity escape velocity. Then I can study and travel the universe, and put greater focus on my passions without the constant worry of such a short life.

[Anonymous No.11281163]

>>11281158

We need to make a group to obtain hundreds of millions with our brains.

What do you think about it?

Keep contact.

[Anonymous No.11281227]

It's simple. Put your theories into practice.

[God of Attention No.11281259]

Time defeats you all with this simple post, "I have your attention by the balls now, recordable media and functional memory users."

Elder Fear says, "The Old should fear the Mature, and the Ancients the Alpha."

[Anonymous No.11281400]

>>11277409
>Anybody went through something like this?
Yeah, the majority do, sooner or later. Not in physics, myself, did PhD in biophysics now onto post-doc. Been exposed to more people in biology and chemistry, and those fields have opportunities in the private sector. Most seem to want to go into academia at the start of grad school, in their early- to mid-20s. Great, go for it. The world is your oyster.

Now jump ahead to the end of grad school or the post-doc. Or the second post-doc. You're in your late-20s, or 30s. Life happens. You have a significant other, and you want to get married, to start a family. Costs money. The student loans from undergrad that have been in deferment gotta be paid, and they've been accruing interest. Costs money. You want to buy a house, start saving money, build your nest egg. Costs money. These are a few examples, there are other things as well. One is living. Faculty offers are few and far between for most. So, you post-doc is at Stanford, Harvard, UCSF, but your faculty job isn't keeping you in San Francisco or Boston. Sure, you'll live somewhere cheaper, but you're uprooting your spouse and/or family, and leaving your social network. Where will your spouse work? You have any support system (family, friends) where you get the faculty job?

So sure, maybe you'll have a few people here and there who stay dedicated to the academic track and everything else comes second. Or, like the rest of us, you accept that you gave it a shot, made something of a contribution, then move on to what offers (hopefully) more financial security. Industry, at least in biotech and pharma, isn't too stable nowadays, either, but if you're in a hub you can hopefully jump ship if (better yet, when) yours goes down. What I'm seeing more and more of is people leaving bench research altogether, but staying generally in the biotech arena and using their talents otherwise -- consulting, patent law, finance, whatever.

[Anonymous No.11282730]

>>11279540
you're 100% troll, how much time did you spend on finding this one site that got wrong simons?

[Anonymous No.11282784]

>>11278461

Don't forget to buy an optical table, and a cryostat, and all the Thorlabs stuff to put in between.

Just an FTIR makes you no better than a Pharma faggot.

t. spectroscopist labfag

[Anonymous No.11282796]

What chemistry field should I get into to make money?

[Anonymous No.11284040]

>>11282796
Let me know if you find out.

t. Research chemist working in industry

[Anonymous No.11284094]

>>11279427
>random physics major getting into insider trading

[Anonymous No.11284153]

>>11279789

https://www.change.org/p/united-states-department-of-the-interior-nullify-the-federal-reserve-act-of-1913

[Anonymous No.11284353]

>>11281163

There is now a discord called '/mr/-mathlet recovery', where people can brainstorm and compile learning resources on College Algebra

[Anonymous No.11284783]

>>11281400
this is why I always laugh at 18 year olds here living with their parents who say they don't care about money

[Anonymous No.11284918]

>>11281098
A little empire seems quite nice. Elon Musk anyone?

[Anonymous No.11285436]

>>11281400
You're describing people with mediocrity mentality. Spouse, family - all that shit has to be sacrificed. Yeah, aim to get a partner who'll be along for your ride, but ultimately if you can't find one (and honestly you should be able to with enough effort), then that's what it takes.

Life is too precious to waste it on being average nothing. Whether you want to be a great discoverer or make a lot of money.

[Anonymous No.11285489]

>>11278461
1- Look you the word savant
2 - NatGel documentaries with Nigger deGrasse Tyson doesn’t name you a genius in physics
Also
>quantum mechanics
basedjack.jpg

[Anonymous No.11285501]

>>11285436
Are you 18?
I’m 19 myself and have realized already that the way you think is totally deluded, jfc

[Anonymous No.11285505]

>>11285489
Look up the* / NatGeo* / doesn’t make you* / basedjack.jpg*
I fucked this one up badly, time to hit the sheets

[Anonymous No.11285507]

>>11285505
basedjack.jpg*** Wtf am I doing

[Anonymous No.11285517]

>>11285501
Expand

[Anonymous No.11285539]

>>11281400
Lot of people here are autistic 18-25 year olds that cant comprehend how a family will make them happy when they are old
It will be too late for most of them

[Anonymous No.11286154]

If youre smart you can join me on my boat.

[Anonymous No.11286178]

>>11279469
not that guy, but I he said something like the opposite in his barbell strat section.

[Anonymous No.11286183]

>>11281104
>>11281163
I'm interested, also studying pure math.
>>11281158
>>11277409
Join us

[Anonymous No.11286185]

>>11281104
whats the plan chief?

[God of Attention No.11286205]

Time defeats both Science & Money because he always ensures that all mummy's enjoy cummy in their tummy!

>First Immortal Male, "My name is Memory." Chinese: 存儲

[Anonymous No.11286220]

>>11277409
What exactly is your question

[Anonymous No.11286260]

One phd student in my program always talked about making a HFT bot and one summer he went missing and they only found his car.

[Anonymous No.11286280]

>>11277699
COMIC SANS REEEEEEEEEE

[Anonymous No.11286287]

>>11277699
aw geeze woody you fucked up big bud you got fooled and who can blame you these fuckers are greasy. rip. woody redeemed himself with that post in my opinion poor fucking guy.

[Anonymous No.11286316]

>>11285539
>family makes you happy
From experience I'd say it makes you less depressed, not necessarily happy. It's really difficult finding someone to happily spend your life with.

[Anonymous No.11286692]

>>11285436
Here's what I'm saying, having been around a while: in the biomedical sciences, if I recall, it's 7 or 8 PhD students out of every 100 that get tenure-track faculty gigs. (That's what I can speak to. Can't imagine odds are much better in, say, theoretical physics.) Now, of those few, maybe 2/3 or 3/4 get tenure. So, we're talking, what, 4 or 5 out of every 100 PhD students.

Now, and this is another step up, this is all tenure-track faculty gigs at research intensive universities. R1 and the like. And, how many of those few rise through the ranks at the most prestigious schools (Harvard, Stanford, whatever), become department chairs, get full or endowed professorships, start companies, and the rest. You're talking, what, one or two out of 100?

Like I said, if you want to go for it, then hell, go for it. No one is stopping you. But, no need to lecture the rest of us on how we have a mediocre mentality. I have a realistic mentality.

After enough years, a post-doc, maybe a second, you realize that you gave it a shot, did what you could, but it's time to move on. Not to say the game is rigged, but the odds are long and pay-off ain't great, quite frankly, unless you're the one -- the endowed chair spinning off companies and consulting with industry and the like.

It sounds great to say you'll sacrifice money, but when you're in your 30s with maybe a little cash on hand that you've scraped together and held onto from your stipends over the years and no savings for retirement, then you accept that it's time to move on. On the personal life, I'm single myself (tried a long-term thing, wasn't for me), but I know plenty of people that have wanted to start families, have their first kid, then it hits them -- living on the post-doc salary for five or six more years to get that faculty gig ain't gonna be easy with one kid. Two, forget about it. (Read: day care.) They go into private sector -- biotech, big pharma, patent law, consulting, whatever.

[Anonymous No.11286859]

>>11285517
You think you can sacrifice that, as if there is any guarantee that you'll become the next Einstein or Newton. Funny thing is: you can sacrifice all that and achieve nothing. So, on top of having done little beyond publishing a few (likely useless) papers on midtier journals (everywhere you go there are rankings), you also failed in building a family, savouring the female body, having the joy of being pampered by a loving wife, passing your genes on, raising children to be fine men and women, and have fun with your family and friends.
It gets worse, geniuses such as Feymann and Einstein had relatively normal and fun personal lives. 'Sacrificing' things intentionally is only something that 15 year olds could come up with. People who go into celibacy or isolation for their work do so and have FUN with it, becase they are so engrossed that they don't notice the lack of sex, the lack of people around. Submitting yourself to such an experience just to reach a goal will: 1- make you miserable; 2- waste your slim time on this life

[Anonymous No.11286960]

>>11286692
>>11286859

I'm not saying rejecting science path because it's shitty equals mediocrity. I'm saying, achieving anything great equals sacrifice. If you want real money and real power. then you'll have to sacrifice a fuckton of time and perhaps your desire to do interesting work.
If you want a lot of sex with best women and/or have a great spouse - then you'll once again be sacrificing a lot of time.

The only way to have it comfy and have decent money, decent personal life, etc is to be average. And that doesn't mean you can only have one thing - but it does mean that there's gonna be long periods where you have to focus on one thing at the expense of all others.

[Anonymous No.11287130]

Anybody has experience or know anybody that has experience with going into patent law?How does one get into it? I am disillusioned concerning my future outlook as a MSc. in Chemistry. At least I could make cash that way.