This may be considered a stupid question, but I am curious and have not found the answer after searching the net so I will ask anyway. I have read that "it is not uncommon to see a person in their late 20s or early 30s pull down $5 million a year or more in one of the right positions at the big funds" but most of the positions I have read about, even at places like bridgewater, only make low six figures. Maybe the compensation is higher including bonuses, but it seems like the way to make millions is to start your own fund and hope it does well. What would be the best way to make the most money in HFs?
This is my first post, and I don't want to seem like I'm not genuinely interested in finance and all I care about is money lol. I have been browsing for a while and I'm wondering about what seems like contradictory information.