BKITU: Translation for anyone who doesn't want to click through a ton of stupid slides:"You can lose money on stocks. Hedge fund managers don't give a shiat, because they get their cut regardless."
impaler: And how would they do that, prey tell? Time the market?
Snarcoleptic_Hoosier: /Gambling is much less fun when you understand math
impaler: Page 6: When a fund performs poorly, the fund family can close it or merge its assets with another fund that has done better. Instantly, the "dog" funds are gone and the average of open funds is improved!That I didn't know.Page 4 through 6 weren't that bad.
orangehat: When the commercials reference that "X number of our funds beat the Lipper averages" this is why...funds that don't get their track record buried into a better fund or just get closed outright. It's hard to find funds that perform very poorly over time because they don't stay open because either the fund company buries the failure or it gets buried for them because investors bail and it becomes more expensive to run the fund than it is worth.
BKITU: "You can lose money on stocks. Hedge fund managers don't give a shiat, because they get their cut regardless."
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