HWM might be an incentive for high performance but is also an incentive for high risk.
A very effective incentive for decent fund management is having "own skin in the game".
If you get to live under the bridge, the manager will accompany you.
take the red pill, boys
His TSLA price manipulation can be interpreted as a protection of his market gamblers:
- "funding secured @420" (blaze it) --> protecting the overly pessimistic short-sellers
- "TSLA overvalued imo" --> protecting the overly optimistic post-rona rally surfers
He is the...