Finance is full of such hidden risks. Start a fund, take insane risks, maybe generate outsize returns ⇒ profit by growing funds under management and take a % of that.
If not, try, try again. Google “incubator funds”. Taleb’s Fooled by Randomness has many examples.
But if you are taking risks, won’t people see it and shun you? Probably not. It is very hard to see risk after the event. It is not too hard to “stuff the risk into the tails”. There are even conslutants who will help you do this.
Even without cheating, when a test is very stringent, then an alarming fraction of the apparent top performers may have just had a lucky day.
Finance is full of such hidden risks. Start a fund, take insane risks, maybe generate outsize returns ⇒ profit by growing funds under management and take a % of that.
If not, try, try again. Google “incubator funds”. Taleb’s Fooled by Randomness has many examples.
But if you are taking risks, won’t people see it and shun you? Probably not. It is very hard to see risk after the event. It is not too hard to “stuff the risk into the tails”. There are even conslutants who will help you do this.
Even without cheating, when a test is very stringent, then an alarming fraction of the apparent top performers may have just had a lucky day.