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Tuesday, May 8. 2007

"Why I work for a hedge fund"

Silky Pony said this:

Democratic presidential candidate John Edwards said Tuesday that he worked for a hedge fund to learn more about financial markets and their relationship to poverty in the United States.

Ya can't make this stuff up.

Posted by The News Junkie in Politics at 15:11 | Comments (6) | Trackbacks (0)

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People work for hedge funds to fleece the arrogant and greedy nouveau riches who think they can beat the markets and who are therefore vulnerable to shysters. People too stupid to realize that the stats are manipulated. Bayou was just the tip of the iceberg. As the old saying goes, a fool and his money are soon parted...Plenty of whip- smart predators work for hedge funds, but the smart money shuns investing in them.
#1 retriever on 2007-05-08 15:28 (Reply)
My guess - working for a big hedge fund has an inverse relationship to poverty.
#2 NJSoldier on 2007-05-08 15:33 (Reply)
Beg to disagree a bit with Retriever. The hedgies have very few individual investors. Almost entirely institutional investors.
#3 BD on 2007-05-08 16:38 (Reply)
Then it's
Worse than when I knew some pond scum in "the [hedge] life.". People are even dumber with other people's money than their own. But I'm sure that BD, w his broad acquaintance, knows some hedge fund types who are honest. There have to be a couple of them.
#4 retriever on 2007-05-08 17:22 (Reply)
My guess - working for a big hedge fund has an inverse relationship to poverty.

Made me laugh out loud. Thanks, Soldier. :)
#5 Rufus on 2007-05-08 19:33 (Reply)
OH, oh. Do I see a "convergence"? How about connecting these trends:
1. Americans are afraid to travel oversees (first time in 40 years).
2. Americans turn the money they would have used for travel into "upscaling" their homes.
3. Housing costs skyrocket. Granite counters, outdoor kitchens, sunken laptops (whatever).
4. Incoming families of questionable credentials, pool together and purchase larger homes that will accommodate more people.
5. Americans are tired of the executive pass through the cost of buy outs to their retirement credits. . . . . . . bs. So Americans, who don't feel safe filling the retirement funds of over paid executives, decide to take matters into their own hands and invest in real estate properties they control.

Oh well----under it all is the land.
#6 apple pie on 2007-05-10 00:05 (Reply)

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