Total newb question but I had to ask. I've watched things like Margin Call, Wolf of Wall Street, The Big Short so I have a rudimentary idea as to what these people do (maybe analyze, suggest, buy, sell & manage stocks and funds for others), but am still confused about few things.
If these people are so good and expert at stocks (fundamental / technical analysis etc) that they can trade and invest for others, why do they still work at offices like everyone else? Couldn't they just do it themselves and get rich?
Easy answer might be that the fundamental and technical analysis theory are not what it's cracked up to be, but in that case, what gives them the right to invest and trade for others? Especially if they can't beat the return of a total market fund or something like that in the long run.
I see a loop here. Any explanation is appreciated!
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