News for hackers. Stuff that matters.

A comment on Warren Buffett's bet against hedge funds at the Long Now Foundation (2008-17). Parent comment

Re:Warren Buffett's bet against hedge funds at the Long Now ... by bidirectional on Sunday February 28, 2021 @02:10PM (#26296108)
That's clearly not a bet against hedge funds, but 'investment professionals', which in this case are these people offering pooled funds to the retail market. I agree with it and I'm sure many people in the hedge fund industry would agree with it.

I'm not talking about all hedge funds managing tail risk for their own portfolios, but funds which are designed to do nothing but hedge against tail risk. They provide a valuable service, and a small allocation to such a fund in concert with a large holding in the S&P500 will often outperform the S&P500, even if the fund itself loses money.

[ Parent | on HN ]
Re:Warren Buffett's bet against hedge funds at the Long Now ... by asdfasgasdgasdg on Sunday February 28, 2021 @04:58PM (#26297488)
> That's clearly not a bet against hedge funds,

This isn't clear to me. To me it seems rather that this is a bet against hedge funds. I can see a way to your interpretation but it does not seem as likely to me.

[ Parent | on HN ]