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> Until the financial crisis, the best path to that end was getting rich as a trader. I think you're pretty wrong on this. There was tons of money to be made
by jgalt212 12y ago
> Until the financial crisis, the best path to that end was getting rich as a trader.
I think you're pretty wrong on this. There was tons of money to be made as a trader post 2008 as the bonds pummeled by the crisis clawed their way bay to real/inflated levels with the help of the Fed buying everything site.
For the most part, HF's grabbed a good portion of these dollars. So the "most money and prestige in the shortest time for the least work" job post crisis has been to be a trader/PM at a hedge fund.
Having worked a a start-up in fintech, I can say the prestige is lowish, and the rewards are uncertain at best. There have just not been any insane price exits in fintech at all lately. Forget about a whatsapp style exit, I can't even name a Tumblr style exit.
Can you?