mishchea

The Sun Also Rises

For Whom the Bell Tolls

A Farewell to Arms

I'm surprised at how _few_ posts/articles like this there have been, so far: self-driving cars are taking off and are a big looming imminent threat to Uber/taxi/truck drivers.

Every time I take an Uber now, I wonder if the driver realizes that his job will most likely be automated away in a couple of years.

Modules, namespaces, interfaces, many other things on your list, also have nothing to do with OOP.

The article focuses on universities' investments in hedge funds specifically. The numbers in the article suggest that on the high end, about 10–20% of an endowment will be in a hedge fund.

The question I have is, what are the typical returns just on that 10–20% investment?

The endowment can do poorly (as bad as or worse than an index fund) as a whole, even if the investment into hedge funds is paying out well.

Is it just me or does the article fail to mention/estimate/discuss how much money the universities received _from_ hedge funds? It repeats over and over again how much the schools _paid_ in managers' fees, but if the return was several times that amount, then I guess I don't see the problem.

Sounds like somebody didn't read the article.