Why don't consistently profitable traders working in financial institutions quit their jobs and become their own bosses?
Financial Institutions refer to companies or businesses that provide various financial services to people that include services like financial advisory, valuation, banking, consulting, lending etc.
Answer and Explanation:
The idea of quitting your job and becoming your own boss involves a huge amount of risk. Traders making huge profits working in financial institutions receive a high fixed salary for their services. However, if they choose to leave their job and start trading themselves, there is a high risk involved wherein, the trader could end up losing the entire amount of capital. Thus, the decision to quit one's job and be their own boss highly depends on their risk appetite.
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from Corporate Finance: Help & ReviewChapter 8 / Lesson 7