Paying Hedge Fund Fees for Mega-Cap Tech Stocks Is Not Valuable
Peter Troob · Peter Troob – Monkey Business in High Yield (Capital Allocators, EP.59) · Jul 2, 2018 · at 35:34
Peter Troob, co-founder of Troob Capital Management, explains why he allocates very little family capital to external equity hedge funds.
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“And I know this is not the greatest thing to say, but being in the hedge fund business for all these years, it's interesting how few hedge funds I give money to. And it's not because I don't want to. It's that the market's gotten more efficient. There's a lot of other ways to invest, to make money without having to give your money to someone else. And I'm not begrudge anyone to buy Apple or Google or Facebook. I find that not valuable for the fees.”
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