According to MarketWatch’s David Weidner If you’re the sort of investor who chases
hedge funds, marking your calendar for the next disclosure of holdings from
David Einhorn or John Paulson, you can quit reading. Almost nothing that follows is going to get
through to you. You won’t be warned off by the facts: the reality of lackluster
performance, the rigged advantages that average investors don’t enjoy, and the
transparent hype.
Nothing matters when you’re dazzled by the bright lights and
overwhelmed by the sound of your own greed. It’s what makes the industry a
$2.25 trillion one. But the argument
against following the hedgies is so common sense, so convincing, that any
reasonable investor wouldn’t even consider idolizing these guys, much less
putting their money next to theirs….
No comments:
Post a Comment