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Sometimes the dam just breaks. If you are so good as to be able to predict such an instance, you can see the future and should BE trading stocks, not working on
by johnnyg 14y ago
Sometimes the dam just breaks. If you are so good as to be able to predict such an instance, you can see the future and should BE trading stocks, not working on the systems that facilitate trades.
If you are very good at building the systems that facilitiate trades, you should be paid well, but you will be paid for building stable, reliable systems and not for predicting one off gotchas. That is impossible to do consistently.
No amount of money can prevent the one off events. You can only hedge. As a result, is $1000/hr worth a hedge? Likely not.
Now, is a guy worth $1000/hr if there's a crisis, he can come it and make it better and we are talking millions of dollars. Likely so.
All of these things to say: no, he's not worth $1000 on any given hour, but might be on a very particular hour.