[JamisonM]

"I rather listen to the hedge fund guys, at least they have skin in the game, don't they?"

Not really, right? They make a lot of money even after they get it wrong?

"Right now, it feels like the supply issue cannot be remedied or solved because of heavy regulations and a stagnant productivity."

This supply issue has existed for, what, a few months? We can literally see the containers piled up on the coasts, is there a good reason to believe that once the backlog is cleared there will be some kind of permanent problem? I have not seen a compelling argument, the original article here doesn't make much of an argument for sustained issues although they give that impression with the headline and the intro.

I will be very shocked if heavy sustained demand doesn't induce productivity gains (which have evaded the US economy for quite some time), but I will also be very surprised if the level of demand we are seeing from pent-up COVID-19 cash sustains itself much longer, a lot of goods demand is going to convert into services demand - if only because of shipping delays.

[qPM9l3XJrF]

>Not really, right? They make a lot of money even after they get it wrong?

If they get it wrong clients may move their money elsewhere

[tsimionescu]

If the 2008 crisis taught us anything, it is that hedge funds can get it arbitrarily wrong and still profit tremendously overall.

[fallingknife]

What are you even talking about? Bet you can't give even one example.

[JamisonM]

Heavily lopsided upside risk means they are never in danger of personal financial calamity. Nicholas M. Maounis looks like he is doing just fine even though he seems to have lost enough money for a hundred lifetimes.

All the incentives are aligned to go big on a theory and talk it up, and then if you are wrong just dust yourself off and try again- all the while cashing your paycheques.