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>That's not how risk management works, and it's also not how costs work. It's how it works in a lot of successful trading firms; Jump Tower and Citadel for ins
by logicchains 5y ago
>That's not how risk management works, and it's also not how costs work.
It's how it works in a lot of successful trading firms; Jump Tower and Citadel for instance have competing internal teams. Reduces the risk to the firm because if one team's approach fails, chances are another will still be doing okay.
- YokoZar 5y agoTrading firms are not knowledge organizations. They compete in zero-sum games. The realm is completely different from building something of value.