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"Suppose that a Walmart clerk and a hedge-fund manager both decide to take the afternoon off to attend their kids’ baseball game. For the clerk, a half-day’s fo
by brohoolio 12y ago
"Suppose that a Walmart clerk and a hedge-fund manager both decide to take the afternoon off to attend their kids’ baseball game. For the clerk, a half-day’s forfeited pay could come to less than forty dollars. For the hedge-fund manager, an afternoon’s worth of lost trades may cost millions, which is a lot to give up to watch little Billy strike out looking."
This is bullshit. If you are working at Walmart you can't just take the day off on a whim nor would you because you can't afford it.
This quote from the article pulled me out of whatever fantasy bullshit land the authors are writing from.
People are busy because they want meaning in their lives. Doing things gives you a sense of purpose.
- joezydeco 12y agoThat hedge-fund manager also has legions of analysts and traders that do the manager's bidding. The idea that the manager is doing the actual button pushing on a trading terminal is bullshit as well. Friend of a friend owns a modest investment fund and hasn't set foot in the office in a year. He directs his staff via smartphone from his boat.
- ryan_123 12y agoThough I do not agree with th author, the author might be suggesting a situation which warrents the presence of the manager, may be meeting with a prospective client etc. Then there is a high probability someone else picked up the prospect and he lost millions. Yes, it is all conjecture.