まずジグザグ、次にザグ
I am sick and tired of reading about the death of the hedge fund industry in the popular press. It is almost as bad as reading how bad a job President Trump is doing. Although anti-Trump articles trump the death of hedge funds for sure. What I don’t understand is why do people write these stories? Is it news that a manager did poorly? Or that they failed to live up their expectations. I get that many who write about hedge funds are jealous of the money earned by those who work in the industry. They remind of Fredo’s comment to Michael about being smart. Or better yet Shaw’s maxim: […]
タダ飯はない
A bit of digression from the hedge fund front this week: The recent news that NYU Medical School is giving students free tuition is really quite something. The school said that it would cover the cost of tuition for all students, regardless of need or merit, because, well, no one could afford it. The financial burden of attending medical school at NYU was, to say the least, overwhelming and caused students to take on enormous debt. While some on both the left and right will call this a victory for students and their parents – as it clearly is – I think it is a travesty. Clearly NYU, as well […]