This is a true story. Read on your own risk!!!
I met an ignorant PhD candidate. Here's what happened:
A PhD in computer science candidate and myself got into a small monetary dispute. I don't claim that I am an expert in financial regulation but I am an economics graduates with certificate in financial market regulation and asset valuation.
He came yesterday with no knowledge in finance, economics or financial market regulation. However he claimed that according to his own "law", I need to pay him money or "else" (although in reality, with annuity, I am his creditor).
He doesn't understand the concept of annuity in money, doesn't understand the regulation in financial market, doesn't even understand the general concept of money and yet he still claimed that he is right. (he does not even understand the concept of present value, future value and compounding interest)
With both financial market regulation and asset valuation books on my hands was not enough to convince him that his argument is pointless. He even challenge me to sue him in court which is irrelevant since the money involved is very small in amount.
I have no discrimination on computer science. I think this is a wonderful field that is making our life easier. However this PhD is one in a million that have no respect to law and regulation. I must be very lucky to bump into such a "wonderful" person.
