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QOTD – A Hedge Fund Game

February 23, 2012

““We used to rely on the public making dumb investing decisions,” one well-known Manhattan hedge-fund manager told me. “but with the advent of the public leaving the market, it’s just hedge funds trading against hedge funds. At the end of the day, it’s a zero-sum game.” – The End of Wall Street As They Knew It (source)

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