2 ms·
The trick to getting rich is trading with other people's money. You win, you get commission. You lose, it's not your money.
by jarek 16y ago
The trick to getting rich is trading with other people's money.
You win, you get commission. You lose, it's not your money.
- pbhjpbhj 16y ago>You win, you get commission. You lose, it's not your money. You get a wage either way. If the bank profits you get a bonus too even if you lost your customers money. If you screw the bank up the gov bails you out and you still get a bonus.
- PakG1 16y agoThis fiduciary disconnect can create a lot of malevolent market behaviour if controls aren't in place. And more often than not, controls aren't in place. http://blogmaverick.com/2008/11/13/the-hedge-fund-disconnect/ http://blogmaverick.com/2008/11/13/the-hedge-fund-disconnect...