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That's why the winning move is not to bet your own money, but instead to convince some whales to pay you fees to invest their money. From that perspective good
by dasil003 11y ago
That's why the winning move is not to bet your own money, but instead to convince some whales to pay you fees to invest their money. From that perspective good algos are really just a marketing cost.
- matiu 11y agoThis is true. As a fund owner, you know the magic formula: If your fund customers win, you win, if they loose, they loose. It's a good position to be in.
- TuringNYC 11y agoNot quite. There is a cost to building the system. The surrounding code could be massive. Also throw in accounting, reporting, regulatory requirements, etc and you are down quite a bit of overhead costs. Without the profit sharing, even charging a 2% expense would not cover all these -- especially your time value given someone with such skills can easily be making 200k on simple salary.