Hedge funders and 2/20

From the article...
At the $42 billion Renaissance, where a team of cryptographers, physicists and astronomers parse large volumes of data
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Seriously? Astronomers? Do they really do that or is that some inside joke?

Regardless, it has been explained to me here that the guys who are really good at this trading stuff run $99 subscription sites. These guys doing 2 and 20 are missing out! :D
 
lovethetrade said:
Nobody said it was...
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Article assumes hedge funds should make huge positive returns after fees every year eg

"Even managers who had a tough year were able to cash in. Nearly half of the top-25 earners made single-digit returns for their investors, a lackluster sum in a year when the Standard & Poor’s 500-stock index was up 12 percent, accounting for reinvested dividends."
 
dealmaker said:
Article assumes hedge funds should make huge positive returns after fees every year eg

"Even managers who had a tough year were able to cash in. Nearly half of the top-25 earners made single-digit returns for their investors, a lackluster sum in a year when the Standard & Poor’s 500-stock index was up 12 percent, accounting for reinvested dividends."
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You're assuming the article is assuming.
 
lovethetrade said:
You're assuming the article is assuming.
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Your reply made me think of a movie quote about 'Assumption...it's the mother of all fuck ups.'

; This is ever so true in regards to trading, :confused:
It sometimes pays...to be patient, a snake in the bushes...waiting for a slight sign of some sort to confirm or not your initial assumptions,
 
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lawrence-lugar said:
Your reply made me think of a movie quote about 'Assumption...it's the mother of all fuck ups.'
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Thats an understatement, Its a major flaw in the human brain.
 
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