Saturday, March 15, 2008

One Sentence on Hedge Fund Wizards

Hedge Fund Wizards - Brookings Institution:
"While most hedge funds probably don't operate in such a nakedly self-serving way, the underlying logic of Oz's strategy is quite common: take a position that yields high returns with high probability and extremely poor returns with low probability, and keep your fingers crossed."
Yep.

0 Comments:

Post a Comment

<< Home