4 ms·
Of course, but bonus is based on P&L, and no one's going to give a 24-year-old enough trading freedom to run up the kind of profit that would justify an 8-figur
by pwnstigator 17y ago
Of course, but bonus is based on P&L, and no one's going to give a 24-year-old enough trading freedom to run up the kind of profit that would justify an 8-figure bonus.
Starting a hedge fund is different-- if you start a hedge fund, you can make that kind of money-- but <0.001% of people under 30 have the kind of connections needed to get investors.
- deleted 17y ago[deleted]
- iamamonkey 17y ago> Of course, but bonus is based on P&L, and no one's going to give a 24-year-old enough trading freedom to run up the kind of profit that would justify an 8-figure bonus. My risk limits and capital have been increasing that allow this. Previous years were much lower. > Starting a hedge fund is different-- if you start a hedge fund, you can make that kind of money-- but <0.001% of people under 30 have the kind of connections needed to get investors. Actually, it's not that different. The labor market is reasonably efficient. If your employer thinks you can run off somewhere else with a low barrier-to-entry (another fund or start your own) and can make 10 times as much, they'll up their pay to prevent you from leaving. Of course, non-compete agreements throw a wrench into the "efficicent labor market" theory, but it's correct to a first approximation.