Re:I was tricked into thinking I had “grit”
by kansface on Wednesday May 06, 2020 @01:21PM
(#23093722)
> He tends to invest in established exploitative companies.
What about BNSF for instance?
> His investments have been made on an almost exclusive basis of growing wealth, which in the end is a very sterile end to aim for.
What is a more appropriate terminal goal for a hedge fund manager? Would you personally invest your parents' 401Ks, your alma mater's endowment, or your city/state's pensions in a fund whose goal is not "growing wealth"? Are you willing to contribute to each fund to make up the difference (or raise taxes)?
What about BNSF for instance?
> His investments have been made on an almost exclusive basis of growing wealth, which in the end is a very sterile end to aim for.
What is a more appropriate terminal goal for a hedge fund manager? Would you personally invest your parents' 401Ks, your alma mater's endowment, or your city/state's pensions in a fund whose goal is not "growing wealth"? Are you willing to contribute to each fund to make up the difference (or raise taxes)?