it sounds like you are interviewing for a stock broker position instead of a position on a trading desk. if this is the case, trust me now that the best thing to do is to not consider this job. you will carry the stigma of being a bullshitting broker whenever you try to find another job in the...
but those clients who earned 15% per year for x number of years lose everything when the fund blows up for that 1 year. so overall return is -100%, maybe + some change.
the fund manager stays rich because he keeps the fees he earned from all the previous years earning 15% per year. on that...
i got this from the link you posted. with all due respect, isn't this exactly how Julian Robertson blew up his fund?
"Big Idea #1: Clifford Asness is a quant. A 39-year old who, last I checked, was pushing $13.5 billion around in market in â05. His wildly successful hedge fund AQR Capital...
i was just checking the quote on yen futures. do you guys trade the emini or the larger contract? also, why is the yen quoted using JPY/USD (0.008...) instead of USD/JPY (116.3...)?
well this is just a positive way to spin what really goes on in the corporate world.
a manager who doesn't know how to do the work himself (read political appointee of the higher level manager) motivates the worker bees by misleading them. the manager takes 90% of the credit for delegating...
but say you see that the 20 ma is fairly flat. why do you think that it will continue to stay flat when you put on a rangy market type trade.
also, does it bother you that 20 is an arbitrary number? or is it not an arbitrary number to you?
here's one benefit of immigration. both rich and poor want to come to the u.s. the ones with money buy up the houses and drive prices up.
and the poor immigrants (legal and illegal)? well, someone is getting rich paying them minimum wage or less than minimum wage. so more money left over...