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I can agree with that to some extent. There is often a complexity premium built into the work. At times it can seem that simple concepts are expressed in extravagant terms which justify a management fee. And love it or hate it, that complexity premium may pay for your beach house some day.
Rising Star
I agree with you.
I mean, yes the concepts when broken down to the bare minimum foundations are indeed simple. But i dont get what you’re suggesting?
Is economics/finance MEANT to be about ‘truly new’ concepts? If so, whats the timeframe? Corporate debt and the instruments available to them, evolve every 12-24 months