Medical vs. Financial Engineering
I broke my elbow a month ago, pretty badly as I was told. The surgeon screwed the pieces back together, using a steel alloy bracket and six screws. Two hours later, I left the hospital with no cast, a bandage (just to cover a very ugly scar), a prescription for painkillers and therapy started a week later.
This isn’t Ramsey’s elbow specifically, but a random post surgery elbow collection from the inter-webs, to illustrate how it’s done. The contraption in the lower right-hand corner is generally used to hold an elbow together after a complicated fracture. As you can see from the x-rays, this is then complemented with additional thingamabobs as required.
Image source: eortopedi.com
What would have happened if I had suffered the same accident in 1975? The surgery would probably be in-patient, requiring a couple of days in the hospital. The broken fragments would take weeks to heal, in a cast. Rehab would take many months while I may never regain the previous range of motion or strength again. Medical engineering has advanced so much in the last forty years.
Before I stray too far, why 1975? That was the year in which I entered the real estate market. In comparison, real estate involves just simple transactions, nowhere near the complexity of cutting up a body, drilling holes and screwing some plate into human bones.