Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
In the words of Groucho Marx, “I refuse to join any club that would have me as a member.” Individual investors should heed this warning. When institutional investment managers open their doors to retail investors, it should be regarded as a trap, not an opportunity. Hedge funds have been inviting individuals to become their investors. Groucho would not.
Hedge fund operators need to attract new investors. Their record of performance provides a compelling explanation.
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