Hacker News new | past | comments | ask | show | jobs | submit login

The trick to getting rich is trading with other people's money.

You win, you get commission. You lose, it's not your money.




This fiduciary disconnect can create a lot of malevolent market behaviour if controls aren't in place. And more often than not, controls aren't in place.

http://blogmaverick.com/2008/11/13/the-hedge-fund-disconnect...


>You win, you get commission. You lose, it's not your money.

You get a wage either way. If the bank profits you get a bonus too even if you lost your customers money. If you screw the bank up the gov bails you out and you still get a bonus.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: