We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
From the NYT: ON average, according to Institutional Investor's most recent survey, the 25 best-paid hedge fund managers each took home $207 million in 2003, about double what they made a year earlier. That's $207 million in cash - not in equity or stock options. Meanwhile, the nation's 25 highest-paid chief executives each made an average of $37 million in total compensation last year, including options granted (but not those exercised), according to Business Week.
Most hedge fund managers do make money for their investors. But even if a hedge fund manager doesn't make a cent for his investors, the manager invariably makes a fortune for himself. Think about it: just for showing up to work, the manager of a hedge fund with $1 billion in assets is guaranteed to earn $20 million a year in management fees alone. Why should he take any risks? Why should he alienate his cautious investors? If we add in his 20 percent cut of the gains, and assume that his returns last year were just average (in line with the S.& P. 500) he would have grossed a total of $41.8 million." Gunslingers No More: The Cautious Cash In - New York Times