hedge funds

“And he was the first person that made it. So you, they were only paid a percentage. So of future upside. And at the time he did it because that was, that just means your tax more it was more beneficial for you. It wasn't income tax. It was a capital gains tax.…”

“Hedge funds were a different world back then. It was a very, very small asset class, maybe fifty billion, a hundred billion totals.”

“If you look at the top hedge funds from the nineties, almost none of them exist today. And I think of those like top 10 hedge funds of all time, like five were shut down by regulatory. Intervention.”

“Being a good investor and being a good fund manager, kind of like pretty different things is what I think most hedge fund entrepreneurs kind of learn, you know you know, there, you can be a really brilliant investor and not manage the actual business well. And…”

“In a good year, like an analyst at a big hedge fund will make three to five million dollars.”

“There's at least one guy out there who like makes a billion dollars in annual compensation.”

“All the Silicon Valley guys are really when like behind closed doors are really envious of the New York hedge fund guys. Cause they're so liquid. Like they might not actually be as rich per se, but they're so, they make so much cash that it's like, it may as w…”

“And he parlays all of this learning and all this experience into creating the world's first hedge fund. And becoming one of the first quants and he knocks it out the park. The guy kills that. I think he made something like eight hundred million dollars. And th…”

“And if you look at how many hedge funds beat the market, it's something like five percent of them. And so these are companies that have thousands of nerds just sitting around a computer to try and like beat the index. And they still like the vast majority of t…”

“They're not price sensitive at all. They're urgent.”