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by kokoito
5587 days ago
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Just FYI, the point of an active investor is not to accumulate wealth, but to _concentrate_ wealth. Divide the amount of money index-investors earned by the number of these investors and compare the resulting amount, by the "per-capita" earnings of the hedge fund managers. Why am I even telling you this?! I really only have read your piece under the assumption, that as an ambitious marketing professional, you had made a bet with a friend of yours, that you can make the financiers of this world buy-in a marxist-leninist philosophy, by playing on their natural greed ("that damn Joe Six-Pack earned more than I did with my Ivy-League education! The nerve!"). Otherwise I'm leaving Hacker News to start my own private investment consultancy firm. |
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