A hedge fund is where a bunch of investors come together to make the hedge fund manager a billionaire.
After reading Sebastian Mallaby's excellent history of hedge funds, I feel I'm now able to define what a hedge fund is: A trick for generating above market risk-adjusted returns that works for 10 or even 20 years, whereupon it suddenly stops working and you lose the capital.
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
So what is the better model or alternative? Would love to hear your two cents on that.
-
How long did Bernie Madoff manage to run a Ponzi scheme for? ~40 years?
End of conversation
New conversation -
-
-
Or upgrade to a bank.. and then you're too big to fail.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
A Martingale system with added maths.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Brilliant book for the unaware- “More money than god”
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Unless you're Renaissance Technologies, that is.
-
Yeah medallion fund is a force of nature
End of conversation
New conversation -
-
-
Does that mean it’s almost time for Dalio and Bridgewater to fail?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Sunddenly stops working or cost of capital gets too high. Seem to succeed in cycles to me
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.