Agency problem: Difference between revisions
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Skin in the game problem: Agents paid no matter what. [[Investment manager]]s take a slice of your pie - a small(ish) slice, admittedly, but they put no capital up, and they take out their fee first, whatever the performance. | Skin in the game problem: Agents paid no matter what. [[Investment manager]]s take a slice of your pie - a small(ish) slice, admittedly, but they put no capital up, and they take out their fee first, whatever the performance. | ||
{{Sa}} | |||
{{ | *[[Agency paradox]] | ||
*[[Shift the axis of dispute]] | |||