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."
Ruminations on the State of Modern History “Education”
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A brief synopsis of the monologue I gave my students after one of them made
a declaration which indicated an expectation that people who lived 200
years ag...
5 hours ago
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