Wednesday, June 4, 2014
Hedge Firm says "Losing" is the key learning Technique: Tales From Normal, Mn: FICTION
A hedge fund guru that was up in Normal, Mn. bass fishing last week sat down with the guys at Betty Lou's Coffee shop...he explained to the fully caffeinated group that losing money was the principal way that regular investors learned...and this really worked well.... since his hedge fund was short most stocks...when investors invested their hard earned cash and lost money, they learned, and at the same time the short hedge funds made tons of money...so a win-win....How sweet.... The guys just smiled...to a man they had given up the intangible investments years ago, and now preferred to invest in bait and gas for their boats...and ya...maybe a pontoon boat for the very successful type....stay tuned as I follow this story.