Monday, October 22, 2007
Confused about the credit crunch?
H/T Calculated Risk.
3 Comments:
By 
, at
Mon Oct 22, 02:27:00 PM:
This video is frighteningly accurate. You would have thought that something was slightly amiss in the ubercompetitive financial markets when you looked at hedge fund manager compensation: all the hedge fund managers got the exact same fee (2 and 20) regardless of (quality/talent/skill/background) and had no difficulties in raising capital. The story is a little different now. It makes me think that some people just weren't doing their research and, therefore, treated all managers/strategies as the same in face of some dodgy practices. However, as is mentioned in this video, these funds ha(d/ve) great names and everyone involved is highly sophisticated (in some cases having the accent to match!) so what could go wrong?
By 
Dawnfire82, at
Mon Oct 22, 04:26:00 PM:
"However, as is mentioned in this video, these funds ha(d/ve) great names and everyone involved is highly sophisticated (in some cases having the accent to match!) so what could go wrong?"
And the philosophy of style over substance strikes again!
Style: 9,029,375
Substance: 212
By , at
Mon Dec 17, 01:39:00 PM:
what is wrong with this country?
