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Yeah. 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 Mil
by jonathankoren 3y ago
Yeah. 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.