Captain Capitalism links to a Bloomberg report that 30% of hedge funds are supposedly going to be going out of business due to the downturn. Now pardon me for asking, but wasn't the purpose of hedge funds to be to "hedge" for crises such as this?
Seems like some fund managers needed to brush up on basics like "debt makes your assets more, not less, volatile."
Podcast #1,115: A Map for Finding Direction and Purpose in Life (Again and
Again)
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While we often think of life as linear, my guest’s own life, along with a
decade of research, has taught him that it’s anything but. In his latest
book, ...
1 day ago
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