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Who Wants To Beat A Millionaire?

Saturday, January 18, 2014 - 7:36 PM
Some products offer the opportunity to imitate billionaire hedge fund managers who rule Wall Street. But it's an illusion.

"Follow the leader is a fun game to play in the backyard when you’re a kid, but now that we’re all adults and investors, we're still playing it in the stock market. Hedge funds are the most powerful investors on Wall Street. The biggest of those funds, which invest money for rich private investors and pension funds, manage billions of dollars and are so assured of their brilliance that they take between 20% and 50% of the profit they make for investors as fees."

http://www.theguardian.com/money/...nvesting..
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ShorebreakShorebreak2,604 posts since
Apr 6, 2010
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