They did the opposite, incentivizing themselves to reach the profit cap. I’m talking about making sure that any net worth beyond a billion goes to someone else.
I didn’t track this previously: how did they incentive themselves to reach the cap?
If your investors only get paid up to 100x their investment, you want to go for strategies that return much more than 100x if they work.
They did the opposite, incentivizing themselves to reach the profit cap. I’m talking about making sure that any net worth beyond a billion goes to someone else.
I didn’t track this previously: how did they incentive themselves to reach the cap?
If your investors only get paid up to 100x their investment, you want to go for strategies that return much more than 100x if they work.