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19 Mar 2007
Give him a place to stand, and he will move the world
Actually, the title is the name of the picture, it has nothing to do with the story, I just like it. The article is called "Investing: Hedge funds: market angels or demons?"
The article is from Bloomberg, asking whether hedge funds really the disruptive, destabilizing force their critics make them out to be, or do they help make the financial markets run smoother?
It says, "The beauty of hedge funds is their ability, at least in theory, to operate free from the shackles of the usual emotions and psychology of the marketplace."
A measure of cold calculation may be just what is wanted when most investors get caught up in the emotions of a turbulent market. While the herd is stampeding in one direction, nobody is better equipped than hedge funds to get a little movement going the other way.
Interesting poem.
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