"How To Make A Million Dollars An Hour"

[applegrove]

How To Make A Million Dollars An Hour

by Les Leopold at Business Insider

http://www.businessinsider.com/how-to-make-a-million-dollars-an-hour-2013-3?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29

"SNIP..............................................


In 2009, David Tepper, the head of the Appaloosa hedge fund, earned an astounding $4 billion. Personally. (That ’s $1,923,076.92 per hour.) The following year, John Paulson of Paulson and Co. broke Tepper’s record, hauling in $4.9 billion, or $2,355,769.34 per hour! Each firm reportedly earned around $20 billion.

More amazing still is that they earned these enormous incomes during the two most horrific economic years since the Great Depression—and they did it with only a skeleton crew.

So, here ’s the real puzzle: How did these two hedge funds, which have fewer than one hundred employees each, make as much money as Apple Inc., which relies on the hard work of its nearly 30,000 U.S. employees (and the incredibly hard work of another 700,000 workers and contractors globally)?

Hint: Produce nothing tangible for the real economy. Don't waste your time inventing or manufacturing stuff. In the hedge-fund game, you don’t make—you take.


..............................................SNIP"

[jollyreaper2112]

1. Yeah

When I look at what these scumfucks make I just imagine Charlie Sheen doing his winning schtick.

[Loudly]

2. Credit where credit is due.

If the objective is turn a profit, correct placement of risk capital is all that matters.

Work and inventing and manufacturing are commendable.

But if you have a knack for easy money, I believe you can atone for your guilt by charitable giving.