Nov 14, 2008

Kevin Duffy on hedge funds

Like weapons and derivatives, there is nothing inherently evil about hedge funds, just sometimes the people who operate them. We have been highly critical of most of the professionals in the investment industry, largely because they've been full of themselves, overcompensated, unprepared for tough times, and pine for government intervention at the first sight of negative news.

~ Kevin Duffy, Bearing Asset Management, November 14, 2008

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