5 ms·
Taking a thin slice of other people’s money is more profitable than playing with only your own money if you (a) have lots of clients or a few really rich ones a
by function_seven 3y ago
Taking a thin slice of other people’s money is more profitable than playing with only your own money if you (a) have lots of clients or a few really rich ones and (b) if you participate in the upside but not the downside.
- mooreds 3y agoThis makes sense. A bit disturbing but tracks with the advisors I know (especially point b).