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The best way to make money in finance is to manage other peoples' money.

But if one can make money on their own, why let someone else own their time, unless they don't value their time as much?

Because if you work with other peoples money, there's a LOT more of it, so you can trade 100x more often and size your positions over a greater range.

Source: I'm a quant

Is that a strange way of saying, "if you work with other peoples money, some of it stays with you".

We provide value by increasing their wealth, and take a % for doing so, they benefit and we benefit. This concept is new to you?

Okay, do you want to make 100% of profit or loss on your portfolio of $1,000,000?

or do you want to make 1% of $100,000,000 win or lose, you still get paid every year?

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