"Where are the customers' yachts?", pt.94

[Dabber]

No real reason for posting this article, except that I've never seen a better one about the industry I have worked in for 15 years. TLDR, obv.

My favourite line: "from 1998-2010, judging by one way of calculating it, investors received just $9bn, all things considered, while the hedgies took $440bn. So the hedgies took 98 per cent of the winnings, leaving investors with 2 per cent."

http://www.newstatesman.com/economic...ombies-mayfair

[Yiddishdonk]

No real reason for posting this article, except that I've never seen a better one about the industry I have worked in for 15 years. TLDR, obv.

My favourite line: "from 1998-2010, judging by one way of calculating it, investors received just $9bn, all things considered, while the hedgies took $440bn. So the hedgies took 98 per cent of the winnings, leaving investors with 2 per cent."

http://www.newstatesman.com/economic...ombies-mayfair

I jizz in my pants reading this ...very good article