3 ms·
If the incentives are aligned it doesn’t matter whether people have integrity. They do what they need to do to win and winning is the the thing we want them to
by barry-cotter 4y ago
If the incentives are aligned it doesn’t matter whether people have integrity. They do what they need to do to win and winning is the the thing we want them to do. That’s the whole point. I don’t think hedge funds are bastions of integrity but their incentives are fully lined up. If you make a lot of money for your clients you get a lot of money.