Hedge Fund Quotes - Page 2

• Yet another hedge fund manager explained Icelandic banking to me this way: you have a dog, and I have a cat. We agree that each is worth a billion dollars. You sell me the dog for a billion, and I sell you the cat for a billion. Now we are no longer pet owners but Icelandic banks, with a billion dollars in new assets.

  Michael Lewis

  Dog, Cat, Pet

  "Boomerang: Travels in the New Third World". Book by Michael Lewis, 2011.

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• The Federal Reserve was not founded to bail out Bear Stearns or a few hedge funds. It was founded to keep a stable currency and maintain its value.

  Jim Rogers

  Bail, Bears, Financial

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• It's quite astonishing how much money people make in the hedge fund business and in the private equity field, and how well-off affluent families really are.

  Kenneth Rogoff

  People, Fields, Affluent

  Source: www.spiegel.de

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• Prosperity can't be just for CEOs and hedge fund managers. Democracy can't be just for billionaires and corporations. Prosperity and democracy are part of your basic bargain, too.

  Hillary Clinton

  Democracy, Corporations, Prosperity

  Source: www.foxnews.com

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• There used to be corporations that produced products. Now there are just banks that produce deals, hedge-fund-driven banks and derivatives and those things.

  Cornel West

  Corporations, Derivatives, Driven

  Source: www.interviewmagazine.com

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• I think the idea that the hedge fund manager gets lower taxes than the taxi driver or the physics professor is insane. The legislators who leave that policy in place are derelict in their duties to be rational and fair. There are plenty of them in both political parties. It's totally outrageous.

  Charlie Munger

  Party, Thinking, Ideas

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• Private-equity and hedge-fund guys typically come into a situation of mediocrity, where rapid change may result in a profit.

  Austin Ligon

  Guy, May, Mediocrity

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• We live in a global market and money's fungible and hedge fund private equity is looking for momentum plays, and there ain't no momentum plays in bonds, right? When the interest rates were spiking up or down, well they never really spike down they do spike up though. Something's got to happen, there's got to be motion, the dice has to be rolling on the board, and if it's not then they're not going to play because they're not going to get the adrenaline rush from looking at... you know, money markets fund interest rates or bond interests or whatever. It's got to be sexy.

  Kevin Kinsella

  Sexy, Play, Rolling

  Source: www.sfgate.com

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• What I want people to know is I went to Wall Street before the crash. I was the one saying you're going to wreck the economy because of these shenanigans with mortgages. I called to end the carried interest loophole that hedge fund managers enjoy. I proposed changes in CEO compensation.

  Hillary Clinton

  Wall, People, Wrecks

  Hillary Clinton's speech at the Clinton-Sanders Democratic presidential debate in Durham, New Hampshire, hosted by MSNBC, www.nytimes.com. February 4, 2016.

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• Some PhD physicists write software or work for hedge funds, but physics still has a problem with having very smart people but not enough opportunities.

  Stuart J. Russell

  Smart, Writing, Opportunity

  "Intelligent robots don't need to be conscious to turn against us". Interview with Guia Marie Del Prado, uk.businessinsider.com. August 5, 2015.

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• Google the phrase "the most hated man in America." And this guy is one of the first people to pop up. Martin Shkreli, aka Pharma Bro, a 32-year-old drug company entrepreneur and former hedge fund manager who has a lot of money and loves to talk about how he spends it.

  Joy-Ann Reid

  Men, Aka, Years

  Source: www.msnbc.com

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• It's my guess that something like 5% of GDP goes to money management and itsattendant friction. I define it broadly - annuities, incentive pay, all trading, etc. Nobody else has used figures that high, but that's my guess. Worst of all, the people doing this are among the best and the brightest. Hundreds and thousands of engineers, etc. are going into hedge funds and investment banking. That is not an intelligent allocation of the brainpower of the civilization.

  Charlie Munger

  Intelligent, Gdp, Civilization

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• Substantially fewer films will be produced over the next year or two. And a significant portion of the production costs of the reduced slate will be borne by hedge funds and other investment groups.

  Peter Bart

  Years, Two, Next

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• The free market is at its best when everybody works in a fish bowl and tells you their point of view The hedge funds and portfolio managers have a right to do this We've muted the analysts and their presence in the system.

  Mario

  Views, Portfolios, Fish Bowls

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• A file-sharing service and a hedge fund are essentially the same things. In both cases, there's this idea that whoever has the biggest computer can analyze everyone else to their advantage and concentrate wealth and power. It's shrinking the overall economy. I think it's the mistake of our age.

  Jaron Lanier

  Mistake, Thinking, Ideas

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• These 'masters of the universe' must be tamed in the interests of the ordinary families whose jobs and livelihoods are being put at risk. The Tories won't say anything about the current crisis as they are completely in the pockets of the hedge funds.

  Vince Cable

  Jobs, Risk, Say Anything

  "Cable Refuses to Back Knighthood for Tory Hedge Fund Millionaire Who Made Money From Fall of Northern Rock". www.dailymail.co.uk. December 31, 2011.

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• The idea that it's smart to allow Wall Street firms, with this "too big to fail" imprimatur, to become hedge funds again - it's unconscionable. You're essentially saying we're going to take some elites in our society and let them roll the bones in the marketplace, and if it works out they get rich, and if it doesn't work out the taxpayer comes in again. That seems absolutely crazy to me. That seems to be where they're headed. I mean, maybe they're not and I'm wrong. Maybe they'll do sensible things. It's hard to know! There doesn't seem to be a plan.

  Michael Lewis

  Wall, Crazy, Smart

  Source: www.businessinsider.com

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• Over the last 30 odd years, Democrats have moved to the right and the right has moved into the mental hospital. So what we have is one perfectly good party for hedge fund managers, credit card companies, banks, defense contractors, big agriculture and the pharmaceutical lobby... That's the Democrats. And they sit across the aisle from a small group of religious lunatics, flat-earthers and civil war re-enactors who mostly communicate by AM radio and call themselves the Republicans and who actually worry that Obama is a socialist. Socialist? He's not even a liberal.

  Bill Maher

  Religious, War, Party

  "Real Time with Bill Maher".

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• I know hedge-fund guys that are making hundreds of millions of dollars a year and pay no tax. And I want to lower [tax] for the middle income. The middle class in this country has been decimated.

  Donald Trump

  Country, Years, Class

  "The Economist interviews Donald Trump". www.economist.com. September 3, 2015.

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• I don't like writing straight-up thrillers. I like writing about families hurled into crisis and danger - soccer moms and regular dads and husbands who might have to rescue their daughters or who are, say, hedge fund managers and have one foot on the sidelines watching their kids and the other in nefarious cover-ups and conspiracies.

  Andrew Gross

  Soccer, Mom, Daughter

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• Hillary Clinton has perfected the politics of personal profit and theft. She ran the State Department like her own personal hedge fund, doing favors for oppressive regimes and many others in exchange for cash. Then when she left, she made $21.6 million giving speeches to Wall Street banks and other special interests in less than two years - secret speeches that she does not want to reveal to the public. Lobbyists, CEOs, and foreign governments totally own her, and that will never change if she ever became president.

  Donald Trump

  Wall, Two, Government

  Source: www.rushlimbaugh.com

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• Hillary Clinton turned the State Department into her private hedge fund. The Russians, the Saudis, the Chinese - all gave money to Bill And Hillary and got favourable treatment in return.

  Donald Trump

  Chinese, Bills, Return

  Source: www.telegraph.co.uk

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• The global financial system consists of firms in the financial services sector - banks, hedge funds, insurance companies and the like - and various governmental agencies who are charged with regulating these firms.

  John L. Casti

  Agency, Financial, Insurance Companies

  "What If Everything Went Straight to Hell?". Interview with Austin Allen, bigthink.com.

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• Banks don't want certain asset classes, and that's created opportunities for private equity, hedge funds, Silicon Valley. In this case I think he was referring to some of the European banks shedding assets, and the big buyers are probably not going to be big American banks. Someone like Blackstone may have a very good chance to buy those assets, leverage them, borrow up a little bit, and do something good there.

  Jamie Dimon

  Opportunity, Thinking, Class

  "Jamie Dimon on Finance: 'Who Owns the Future?'". Interview with John Micklethwait, www.bloomberg.com. March 1, 2016.

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• I've heard that one-half of the students at elite schools want to go into private equity or hedge funds. They want to keep up with their age cohorts at Goldman. This can't possibly end well in terms of meeting these expectations.

  Charlie Munger

  School, Expectations, Age

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