"Why It’s Smart to Be Reckless on Wall Street"

About two weeks ago I told you how to become a billionaire. If that struck you as too difficult, here's another way to get rich quick:

Here is a guaranteed way to get paid well if you work on Wall Street. Find a best friend at a competing bank or hedge fund and take opposite sides of the same large bet. In one year’s time one of you will have a huge profit and get paid well. The other person will have lost and perhaps be fired. The sum of both your profits will be zero, but the sum of what you get paid will be positive. Split the pay.

Comments

[horn]

So, you're going to be sitting on a trading desk on Wall St and put on ONE TRADE the entire year? So Jan 1, you go long $/Yen and your buddy does the opposite.

You don't think your MD will fire you in less than 2 weeks when you sit around not doing anything the rest of the time?!?

ROFLMAO.

But then, I only sat on trading desks for 12 years at GS and JPM.