[qPM9l3XJrF]

>Not really, right? They make a lot of money even after they get it wrong?

If they get it wrong clients may move their money elsewhere

[tsimionescu]

If the 2008 crisis taught us anything, it is that hedge funds can get it arbitrarily wrong and still profit tremendously overall.

[fallingknife]

What are you even talking about? Bet you can't give even one example.

[JamisonM]

Heavily lopsided upside risk means they are never in danger of personal financial calamity. Nicholas M. Maounis looks like he is doing just fine even though he seems to have lost enough money for a hundred lifetimes.

All the incentives are aligned to go big on a theory and talk it up, and then if you are wrong just dust yourself off and try again- all the while cashing your paycheques.