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If I spend 30 minutes this week looking at my investments, but a fund manager spends 60 hours, that’s a difference in quality and quantity not kind.
by twoodfin 4mo ago
If I spend 30 minutes this week looking at my investments, but a fund manager spends 60 hours, that’s a difference in quality and quantity not kind.
- ForHackernews 4mo agoFund managers are paid to do a job by the owners of capital. Obviously that job is is work. The overwhelming majority of the gains accrue to the owners, and only a small fraction to the diligent fund manager who did the work. Are you sure you tried to come up with a counter example?
- twoodfin 4mo agoNow you’re just question-begging. If the only kind of “work” is “selling your labor” then sure, but I think a farmer tilling his own soil is “working”.