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Hedge Funds: Big On Buns, Short On Beef

Friday, February 7, 2014 - 5:05 PM
Scott Burns chimes in on hedge funds today; briefly:

    "You can have the fastest horse on earth, but he won’t do well if you
     make him carry a heavier rider than all the other horses. That, of
     course, is exactly what hedge funds do with their heavy, off-the-scale
     management fees. ...

     As a practical matter, hedge funds serve the same purpose for the well
     off as lottery tickets serve for the common man ..."

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cumuluscumulus363 posts since
Jan 16, 2010
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