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You say "lynching" and "witchburning" as if hedge fund players are innocent, or their status is unknown.
by unethical_ban 6y ago
You say "lynching" and "witchburning" as if hedge fund players are innocent, or their status is unknown.
- kryogen1c 6y ago> their status is unknown. it is to me. do hedge funds do something besides fulfill their fiduciary requirement of making their investors money?
- unethical_ban 6y agoThey make astronomical amounts of money gambling on the economy, claim that they are useful to society, and pay a lower tax rate than a janitor, welder, doctor, or actual contributor to society. Then have the audacity to be upset, and go on CNBC and bitch and moan about the ignorant retail investor, and wonder why anyone dislikes them.
- wcarron 6y agoI think what you're trying to say is that the metaphorical "lynching" is justified given the deleterious effects of hedge funds continued existence, correct?
- savanaly 6y agoI know that people probably regard this as hopelessly naive, but on the 1% chance that you were asking sincerely: hedge funds are a reliable mechanism to allocate capital efficiently, which leads to economic growth which leads to gestures expansively all of this.
- walleeee 6y agoI dont think your view is naive. I think people read statements like yours naively. Hedge funds reliably do what they are designed to do, as you say: funnel capital into the hands of people who will dump it back into multinational economic acceleration. Where I think you and I might disagree is whether that's a good thing.
- jimnotgym 6y agoYes, they appear to be very effective at making their fund managers money
- Aunche 6y agoThis is very similar to a witch hunt. WSB had no idea whether the shorters were the original hedge funds (e.g. Melvin) or random opportunists who wanted to make money from this obviously overvalued stock.