One hedge fund manager meets another outside Michael's, and they notice they are both wearing the same Cartier watch. "How much did you pay for it?" asks the fi

One hedge fund manager meets another outside Michael's, and they notice they are both wearing the same Cartier watch. "How much did you pay for it?" asks the first. "$11,000," replies the second, preening. "Ha!" the first says triumphantly. "I paid $25,000!"