As part of my freelancing I consult for the big Wall St. Firms, pretty much all of them. When they have a deal and need technical insight they call me up. One thing you quickly realize is that while they are a lot of bright people on wall st. There are also a lot of dumb asses that think they are running a con and think nobody sees that they have the mentality of a street hood. I will say that almost all of the quants I have spoke with a very bright people. I think saying that Wall St. is sucking up all the brightest minds frames the intellectual capacity of Wall St. as being a little more luminary than reality. Pedigree will get you just as far as intelligence in the sector.
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