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The biggest sham is that Wall Street has convinced us all that they deserve to paid in percentages! Sure %0.2 doesn't sound like much until you realize its $200
by wavesounds 11y ago
The biggest sham is that Wall Street has convinced us all that they deserve to paid in percentages! Sure %0.2 doesn't sound like much until you realize its $200 million dollars a year. Why is everyone so afraid of just hiring a few smart economists paying them $200k each salary? Nobody really beats the market over the long term anyway.
- chris_b 11y agoBecause there are people who will pay those economists a percentage and they would rather work there?
- learnstats2 11y agoBecause somebody already hired those people for a fixed wage and is smart enough to charge us a percentage for it?
- blueside 11y agoThe same could be said for real estate agents