3 ms·

That would be awesome as an investor, but is that actually sustainable? I guess if the benchmark looses money, and they loose less they get to take a % of somet

That would be awesome as an investor, but is that actually sustainable? I guess if the benchmark looses money, and they loose less they get to take a % of something? But they you are paying them for having lost money? Seems odd. I think I don't mind a minimum fixed %. Though as you say, 1% is pretty high still.

mmt 8y ago
> I guess if the benchmark looses money, and they loose less they get to take a % of something? But they you are paying them for having lost money? Seems odd. I don't see a problem with it. This scenario, like negative interest rates, or negative electric rates [1], may be counterintuitive and seem odd, but it makes sense if you think about it. I'd be paying them for losing less money that I would have otherwise, and "losing less" is just another way of saying "gaining more". [1] Discussed recently on HN in the context of wind turbines in Europe, IIRC
- Hasz 8y ago
  Hey, just so you know, the link to your resume in the bio is misspelled, leading to a deadlink.
  - mmt 8y ago
    Thanks! Obviously a typo, since the keys are adjacent on a qwerty keyboard, but why I would have ever typed it instead of copy-pasting is beyond me.