Why Anthony Scaramucci Got Fired From Goldman Sachs | Forbes 

I like that

He's good with the big words

lol same thought

@mitch paul His other favorite strategy was how to money launder

hindsight's 2020

In all my career I was asking this question. Why mahagers had to repeat the others and mainly on proven mistakes. My explanation is , they are very low level managers and try to advertise what they do by justifying it as the idea that is on fashion . And because those above them are by far more useless and irrelevant to the topic. I have seen it repeated so often that I consider it as a theorem . It still works now that I am retired. People are afraid to fight for improvement , they just want to justify their existence to a post.

I honestly think this interview is different. He makes a point to talk about another way the fund makes money other than the normal long short they do.

then what's the point if you end up with less capital?

@@jdamanfable less beta

how are index funds more risk? Generally hedge funds have more risk because of leverage, there are other reasons why indexes do well.

@@BLUEGENE13 they have more risk because the can stay down for a long time

then build a 60/40 stock bond portfolio with a similar risk reward with about 1% the fees of hedge funds

Alan O, I do.

I do

Or you're just butthurt ;)

He's full of what? You don't get employed at Goldman unless you're somewhat intelligent. Where do you work? Home depot?

He's like the Bill Clinton of Goombas.

core skill from HBS

I can assure you, you'll never be rich unless someone makes you so. I know this because you're not intelligent enough.

Make Humanity Great Again, Isn't it obvious? I think he knows that people don't just make money out of nothing. People like him believe that if you work hard enough, you will make a lot of money and that's true. We don't need you socialists telling him otherwise.

You and your dad are stupid. Listen these people are making billions by cheating and if you're too stupid to see that then you deserve what you get.

I'm not a fan of Romney, but am of your statement. I grew up very poor, even got welfare from time to time, and currently make more money annually than I thought I could ever make, and it was from hard work, taking risks to my career, and not taking no for an answer. I, sure as heck, was not handed anything. The rich are not to be hated, frankly, they employ most of USA, those that they do not employ are either in business for themselves or like @MichelineBergett waiting for money to fall from the sky

kd47730 you go man! Keep up the positive thoughts and attitude

1plus11000 fairly short

you may think that you are being humorous but you are not. what you have described is 'suboptimal decision making' which is at the heart of what is wrong with actively managed funds. you sir, are closer to the truth than you intended to be.

Try to be a hedgefund manager with 10 billion AUM. I bet you will lose your investors a shitload of money within 5 years hahaha

which would make me identical to Anthony... The whole idea here is that hedge funds are meaningless, especially for long term investors. Since these funds manage a lot of funds for pension boards, and union trusts, their sub standard performance in the long run (and evidently the short run as well), makes them pointless.

Zach Noegel. Modern investment finance is an elaborate con game.

based of what ? i am a hedge fund guy with institutions as investors and i am buying and selling stock and currencies, commodities and doing nothing illegal. my investor benefit from my trading and views and i get a part of the benefit. what s wrong with that?

Something tells me you listen to hear your own opinions.

Maybe you need to learn finance terminology

To kick some people out which he did