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Hedge funds are downstream of money with performance-driven interest. Markets (the major players that skew the averages) are downstream of banks who use money
by emblem21 10y ago
Hedge funds are downstream of money with performance-driven interest.
Markets (the major players that skew the averages) are downstream of banks who use money the Fed's pay the interest on.
His gamble is that the elite would rather give the market unlimited welfare a la Japan to keep the signals of valid global demand alive.
The Fed will not allow a correction... mostly for political reasons.
- AnimalMuppet 10y agoI don't think that was the gamble when Buffet made the bet. The gamble then was, in ten years of completely unknown (at the time) market conditions, the S&P 500 will outperform hedge funds. If you picked a different 10 years (say, 199X-200X or 200X-201X), I suspect that Buffet wins for most values of X, but I have not checked.