Apr
15
Two Hedge Fund Managers Walk into a Bar
ByThis one is priceless, and I have been remiss in not posting it. Reminded most recently by the link at Maggie’s Farm. Excerpt, but the whole thing is great:
“Here’s the problem. Most hedge funds are indistinguishable from mutual funds, other than the fact that they feel entitled to charge 30 times the fees.”
“Two percent of assets for showing up in the morning, and 20% of any profits.”…
Two Hedge Fund Managers Walk into a Bar
