4 ms·
Clearly that's not correct. A reputation for making money unfairly, and at the expense of others is, and has always been, extremely relevant to your ability to
by CPLX 3y ago
Clearly that's not correct.
A reputation for making money unfairly, and at the expense of others is, and has always been, extremely relevant to your ability to convince other people to do business with you.
- wslh 3y agoIf you know you will receive your cut as LP you don't care while you are not the defraud one.
- jonathankoren 3y agoYeah. That's why hedge funds and private equity in general went out of business 40 years ago. Seriously. As someone that grew up in the 80s and watched how Milton Friedman's id was unleashed, and continues to run rampant today, there's little evidence to support your thesis.
- CPLX 3y agoI mean in general I agree with you. Just having a ton of money has its own kind of reputation. But these guys have really traded far beyond their actual raw financial power due to reputation.