4 ms·

Can’t agree more. OTOH a random shmuck from the Trading Room will bet millions on a daily basis with little or no supervision. Until of course they lose big on

• totalZero 9y ago
  Random schmuck here. There's tons of supervision, communication with research and clients, oversight, and risk limitation. Also, you can't make big bets without occasionally losing, and people usually know exactly whom to blame. (Sometimes it's not the trader whose position blew up, but the desk manager or senior sales person who fought for the trade, or even a client who had inside info on a deal.) The only truly stupid bets are the illegal and/or unauthorized ones.
  • eecc 9y ago
    And yet, 2008 happened. Look, everyone knows that the ICT red tape is just theater and CYA, but please don’t pretend your own is different...