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They do lose. The hedge fund business is risky, and hedge fund managers and funds that lose money. >And not only that: I would even wonder: new efficiencies ha
by CryptoPunk 6y ago
They do lose. The hedge fund business is risky, and hedge fund managers and funds that lose money.
>And not only that: I would even wonder: new efficiencies have been unlocked?
Yes, if they are making good investments, that generally maps to them allocating investment capital - which is a claim on the finite labor and natural resources at the economy's disposal - to where it generates the biggest return to the economy.
- rland 6y agoWeird. If I lose my employer money, I lose my job, my healthcare, my family's healthcare. (And, if I were in a precarious position, my house) What happens to hedge fund managers? Oh, some division of Morgan Stanley has lost money, I'm sure. What consequences did they face? A stern talking-to? Spare me.
- CryptoPunk 6y agoThat's why people strive to become wealthy: they can create a cash reserve that ensures that the consequences of career failure is not total destitution. You seem to be critical of this positive aspect of accumulating wealth, which I would argue is counter-productive, and motivated by anti-wealth bias.
- anm89 6y agoYou have an incredibly naive, over simplified worldview.