There is a nugget in here that I agree with and hadn’t really formulated coherently in my mind.
Essentially, I believe there’s been a quiet regime change amongst who is making money in finance. The loud winners of the past are having their lunch eaten by quiet victors.
If the old winners used to be Wall Street/hedge funds/Ivy-league bros who celebrate their success with mansions in Greenwich, yacht parties, cocaine and Wolf-of-Wall-Street style behavior.
The new winners are techy/”quants”/introverted types who celebrate their success with… philanthropy?
Also, the first type of people were so brash and showy in their success, their behavior breed anger and resentment among the have-nots. The latter are doing it so quietly and understatedly that people aren’t even sure it’s happening at all. And I think this is a much more sustainable pattern.