Why Are People So Pessimistic About Actuaries On This Board?

[Chalengr]

I think it's the companies duty to find talented people at the top. Even if your FSA / FCAS that DOES NOT mean your talented!!! It means you can do a lot of technical calculations. I mean this is not a golden ticket, and if anyone thinks so they're crazy! There is NO golden ticket anywhere. Heck, some of the richest people in the world have no formal education, i.e. Li ka shing of Hong Kong. Arguably THE biggest person in insurance is Ajit Jain head of Berkshire Hathaway's reinsurance unit (http://en.wikipedia.org/wiki/Ajit_Jain). Take this statistic about Ajit in 2004 he single handedly wrote $3.7 billion worth of insurance. Yeah that's almost as much as GEICO does in one year. AND he's not an actuary. Heck, he came to the insurance game really late in life. The point I'm trying to make is if you know how do the job well, then you'll go up. You don't have to be an actuary to do it!