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bar1080

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bar1080

Re: None

Wednesday, 03/22/2017 10:59:40 AM

Wednesday, March 22, 2017 10:59:40 AM

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Q. Downside of trading? A. Suicides, murders. I'm aware of several trader deaths. Here Charlie Munger refers to the world's first major hedge fund long ago:

"A.W. Jones, which had a long-short model, developed the best-known hedge fund in the late 1950s and early 1960s. They were market neutral, but didn't stick with it. Something went wrong with A.W. Jones. A very high percentage of its spin-off funds bit the dust. There were suicides and people lost their fortunes and had to drive cabs."

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Because the Good Life is Just a Pump or Two Away

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