Hedge funds–quotes of the day

“Wall Street creates all these increasingly sophisticated financial products, and no one really seems to understand them but the people involved in creating them,” Freed said. “They assure everybody that everything’s going to be okay, and we are forced to believe them.”
“But to understand what hedge funds do today, it could take “two PhDs and an MBA,” as Greenwich Associates hedge-fund analyst Karan Sampson put it.”

Hedge Funds Mystify Markets, Regulators


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