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Originally Posted by Brutha  Absolute expertise is irrelevant. The thing that counts is to have more expertise than those guys at Goldman with have millions worth of computer programs and a lot of very smart people around. |
I agree that it's all relative, but the guys at Goldman aren't 100% sharp. If they were, they'd be trading their own private accounts first and foremost rather than Goldman or managed money. Most of them either can't trade (bad) or can't hold onto money (which can work out OK but means you always need a stake).