The fall will probably kill ya
One of my favorite films is the Newman and Redford classic Butch Cassidy and the Sundance Kid. It’s almost a perfect movie. One of my favorite scenes is when Sundance reveals that he doesn’t want to jump off the ledge because he can’t swim and Butch so eloquently says, “Why, you crazy — the fall’ll probably kill ya!” Spoiler alert, they jump and make it. Nobody drowns and nobody gets hung up on the rocks or brush. This is a great analogy to what is happening at hedge fund trading desks amidst all this market volatility and uncertainty. I am sure it was a big surprise to no one that […]
It IS about performance
Just so we’re clear, the reason investors choose hedge funds, private equity funds, venture capital funds, mutual funds and other investment vehicles is that they’re looking to make money. I know this may come as a shock to some people, especially the ones who write for the popular press, but, once again, the reason people invest is because they are looking for positive return. It seems that this notion is lost on many, especially those who are writing about how poorly hedge funds performed in the latter part of 2015 and how bad the markets are doing right now. It’s as if the reporters, and especially their editors, are happy […]