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A large number of hedge funds lost a lot of money in the crash. This is proof of a sort that their heads did in fact not understand the system well.
by adaml_623 13y ago
A large number of hedge funds lost a lot of money in the crash. This is proof of a sort that their heads did in fact not understand the system well.
- kamaal 13y agoThere isn't much incentive or motivation to think of the larger system, when you are being paid $12 million an year bonus to think only of your own benefit.
- venomsnake 13y agoAnd that is why businessmen make mediocre politicians and policymakers at best. You need to take all thing into account thinking decades into the future. So next time a self made billionaire thinks he can enter politics on basis of his current success this should be taken into account.