"Playing games with other peoples' money (and getting a resume/credibility boost no matter what happens) isn't nearly as risky ..."
Changing the subject a bit...
Having been a trader, I think that's a major problem with our system. A trader today rarely has his own skin in the game. Or even the firms skin in most cases. It's hella easier to make VERY risky bets with other people money.
Comments
"Playing games with other peoples' money (and getting a resume/credibility boost no matter what happens) isn't nearly as risky ..."
Changing the subject a bit...
Having been a trader, I think that's a major problem with our system. A trader today rarely has his own skin in the game. Or even the firms skin in most cases. It's hella easier to make VERY risky bets with other people money.