Hedge fund robots crushed human rivals in 2014 11 years ago
Vinod Khosla once said he was shocked at how good of a deal VC funding was for the entrepreneur. "Heads I win, tails you lose." It's the same thing for bankers, traders, and managers of 2/20 funds. If things collapse, they're already rich. Sure, it might be difficult to raise another fund, but if you've already stashed $10mm+, who cares? Gambling with other people's money, therein lies the incentive problem.