Hedge Funds

[ib612]

<p>“Finally consider this. If you had a million dollars, wouldn’t you like to spend time w/ the family? To be at your kid’s b-ball games? Go fishing or stare at the stars for a little? These simple pleasures will last you a lifetime. If amassing money is your MO, you’re missing out on a lot that life has to offer. If you were a pharmacologist or sped teacher you make a handy 80+k, be well respected, secure, and get to go home on a regular schedule”</p>

<p>that sounds boring as *****, i’d rather be poppin champagne at my hamptons villa</p>

[IndianOptimist]

<p>^ Your Blackberry would go off as soon as you stepped foot into your Hamptons villa.</p>

<p>Isn’t is basically impossibly to get into HF’s/PE after undergraduate unless your top of your class at Wharton? Even then, it’s apparently super rare.</p>

[cbreeze]

<p>HF/PE very rarely hires straight from undergrad unless you have connections. Even then they cycle you out after a year or two.</p>

[moizuhk]

<p>

He poses the question:</p>

<p>Quote:
First off, do you know what a Hedge Fund is? I’m assuming you know a little, but here’s the scoop-
Do YOU know what a hedge fund is? What makes hedging so risky, particularly in this market? Risky for all fund strategies? What about in the case of distressed debt/special situations? I think hedge funds aren’t risky at all if you know the markets (which, obviously, you don’t). Anybody with half a brain could see the subprime mess coming from miles away. HFs with good market acumen are making billions by shorting the ABX index. And, to take a quote from your book, “ever heard of Paulson&Co?”</p>

<p>My problem with little boys/girls like you is that you talk like you know everything about finance – “here’s the scoop.” What scoop? You said HFs are hard to break into? What’s next captain obvious? Oxygen is good for the body?</p>

<p>Go through puberty first and let the big boys play.

</p>

<p>The most arrogant and ignorant comment on cc i have ever seen.</p>

[gerripos]

<p>he’s right i did make a good amount shorting abx… I am a rookie and saw that one coming</p>