Bankers have the luxury of taking big risks with your pension fund, losing all of it and still getting their yearly bonus when market forces are unexpected.
> Bankers are in the “Bob Rubin trade”, named after the former secretary of the US Treasury, who “collected more than $120 million in compensation from Citibank in the decade preceding the banking crash of 2008. When the bank, literally insolvent, was rescued by the taxpayer, he didn’t write any cheque – he invoked uncertainty as an excuse.
I'll save the doctors, lawyers and techbros for someone else. But there are equal examples you can find.
https://www.theguardian.com/books/2018/feb/22/skin-in-the-ga...
> Bankers are in the “Bob Rubin trade”, named after the former secretary of the US Treasury, who “collected more than $120 million in compensation from Citibank in the decade preceding the banking crash of 2008. When the bank, literally insolvent, was rescued by the taxpayer, he didn’t write any cheque – he invoked uncertainty as an excuse.
I'll save the doctors, lawyers and techbros for someone else. But there are equal examples you can find.