Re:Dreams of a Red Emperor: The Relentless Rise of Xi Jinping
by TearsInTheRain on Friday October 23, 2020 @08:40PM
(#24875909)
Thats of course ridiculous. "Low !Q" wealthy people in the US arent managing their own money. They hire the best and brightest to do it. China has a massive advantage because they can simply copy or steal what works in the US more efficiently than we can come up with the next best thing.
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Re:Dreams of a Red Emperor: The Relentless Rise of Xi Jinping
by whimsicalism on Friday October 23, 2020 @09:52PM
(#24876273)
> They hire the best and brightest to do it.
Oh, and how do they determine the "best and brightest"?
Re:Dreams of a Red Emperor: The Relentless Rise of Xi Jinping
by TearsInTheRain on Monday October 26, 2020 @02:37AM
(#24893365)
Just pick hedge funds who have performed in the past run by a bunch of people with top business degrees. Its a lot easier than picking a stock
Re:Dreams of a Red Emperor: The Relentless Rise of Xi Jinping
by whimsicalism on Monday October 26, 2020 @12:13PM
(#24897731)
> Just pick hedge funds who have performed in the past run by a bunch of people with top business degrees. Its a lot easier than picking a stock
Nope, it's actually very hard to outperform the market just by looking at hedge fund past performance. Top business degrees do not really equal top talent, having taken a few of these "top business" classes. It's all a salesmanship game to the rich, it's not about actual returns.