Comments on: March 19, 2008 http://www.prefblog.com/?p=1935 Canadian Preferred Shares - Data and Discussion Thu, 09 Sep 2010 21:31:51 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: PrefBlog » Blog Archive » March 26, 2008 http://www.prefblog.com/?p=1935&cpage=1#comment-16907 PrefBlog » Blog Archive » March 26, 2008 Thu, 27 Mar 2008 03:38:22 +0000 http://www.prefblog.com/?p=1935#comment-16907 [...] agree. As written here on March 19: I agree with him, as I agreed with his recently expressed view on limits to monetary policy. It [...] [...] agree. As written here on March 19: I agree with him, as I agreed with his recently expressed view on limits to monetary policy. It [...]

]]> By: prefhound http://www.prefblog.com/?p=1935&cpage=1#comment-16133 prefhound Thu, 20 Mar 2008 03:19:56 +0000 http://www.prefblog.com/?p=1935#comment-16133 I believe traders and other financial types ARE rewarded (at least to some degree) on the basis of a Taleb distribution: they can lose their job in the 10th year when things blow up, and may never get back into the industry, nor earn anything like their previous salary/bonus. With few exceptions, most of the huge bonuses go to young bucks. The odd market shakeout tips them into early retirement from a pretty stressful job. Not everyone in BSC is getting $2M bonuses to move. I believe traders and other financial types ARE rewarded (at least to some degree) on the basis of a Taleb distribution: they can lose their job in the 10th year when things blow up, and may never get back into the industry, nor earn anything like their previous salary/bonus.

With few exceptions, most of the huge bonuses go to young bucks. The odd market shakeout tips them into early retirement from a pretty stressful job.

Not everyone in BSC is getting $2M bonuses to move.

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