Tuesday, November 15, 2011

Hedge fund's secret :-)

Hedge fund's secret :-)

"Opening a hedge fund is problematic. The founder has a secret. Either the secret is that the founder has no new ideas. Or, the founder’s secret is a new idea. If the founder has no new idea, that cannot be revealed. If the founder has an original idea, he also can’t share it with investors because they might steal it. "
http://falkenblog.blogspot.com/2011/11/gary-gorton-on-hedge-fund-dilemma.html

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