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Hedge Quote of the day
If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.
Prosperity can't be just for CEOs and hedge fund managers. Democracy can't be just for billionaires and corporations. Prosperity and democracy are part of your basic bargain, too.
It's quite astonishing how much money people make in the hedge fund business and in the private equity field, and how well-off affluent families really are.
Hillary Clinton turned the State Department into her private hedge fund. The Russians, the Saudis, the Chinese - all gave money to Bill And Hillary and got favourable treatment in return.
Today, you've got hedge fund billionaires aligned with Karl Rove, running ads against me to try to get Democrats to vote for you [Bernie Sanders]. I know this game. I'm going to stop this game.
I still don't get it" Coach Hedge muttered as they roamed the centre aisle. "They named a whole town after Leo's table?""I think the town was here first, Coach" Nico said.
Many hedge fund managers have become billionaires perhaps this - plus their reputations as the smartest guys in the room - is why they have captured the investing public's imagination.
...there should be no place in a portfolio for hedge funds. There are lots of reasons, but the main one is simple: Investing in hedge funds is a great way to increase the odds of underperformance.