4 ms·

You know successful hedge funds profit more from insider trading than from any kind of analytical wizardry, right?

• Vinceo 7y ago
  Could you provide a source on this?
• tryptophan 7y ago
  Lol. Dalio is too big to bother with insider trading. With $160bill under management, that leaves like what, ~50 companies he can't just buy outright in the entire world? Please stop watching Billions and thinking it represents anything close to reality.
  • deleted 7y ago
    [deleted]
  • taylortrusty 7y ago
    Billions is absolutely based on reality. Steve Cohen / SAC Capital.
  • viburnum 7y ago
    As if hedge funds only trade stocks. As if LIBOR was the only thing ever fixed.
  • lonelappde 7y ago
    He can't buy all the companies. That's only 1% of just the NYSE market cap. What is the max size of asset that can profit 4%/yr alpha from insider trading?
    • DennisP 7y ago
      I think he means any of the companies, not all at once. And I'll note again that stock picking is not what their fund does anyway.