"As long as the daily P&L is OK", right. And "combined with a form of fusion", humans supplied all the power the machines would ever need.
I had a friend who was fired for making too much money; not from a prop desk, but from the bank's treasury. In that case you can see their point. And yet, I believe him when he says he wasn't taking risk, just exploiting opportunities. Although he started his career trading bonds and IR options, he spent most of it as a risk manager (with an interlude as a bank regulator), and he was good at it.
"As long as the daily P&L is OK", right. And "combined with a form of fusion", humans supplied all the power the machines would ever need.
I had a friend who was fired for making too much money; not from a prop desk, but from the bank's treasury. In that case you can see their point. And yet, I believe him when he says he wasn't taking risk, just exploiting opportunities. Although he started his career trading bonds and IR options, he spent most of it as a risk manager (with an interlude as a bank regulator), and he was good at it.