As Hugh Hendry (funny hedge fund manager look him up on youtube 'Greatest hits') said,
If they are wrong they keep their tenure, If I am wrong I go broke. The analyst
A. Dont trade the recommendations nor does the 'house' floor
B. If the financial sector ever went off of salary based compensation and went to the hedge fund model of I only make money if client makes money than you would see a moron drain from the Financial field. PPl would not be able to eat or provide for their family because they are untalented and the only reason they are still in the field is because they know somebody or they are on salary which makes them work hard enough not to get fired but not above to outperform the S&P.
If they are wrong they keep their tenure, If I am wrong I go broke. The analyst
A. Dont trade the recommendations nor does the 'house' floor
B. If the financial sector ever went off of salary based compensation and went to the hedge fund model of I only make money if client makes money than you would see a moron drain from the Financial field. PPl would not be able to eat or provide for their family because they are untalented and the only reason they are still in the field is because they know somebody or they are on salary which makes them work hard enough not to get fired but not above to outperform the S&P.