Hedge Fund Quotes:

The Fed is the greatest hedge fund in history.

- Warren Buffett

source: "If You Don’t Believe We’re Already Back on a Gold Standard, Think Again" by Max Keiser, www.huffingtonpost.com. September 24, 2013.

topic: Feds, Fund, Hedge Fund

The number-one job of the hedge-fund manager is not to make sure that you can retire with a smile on your face - it's for him to retire with a smile on his face.

- Mark Cuban

topic: Smile, Jobs, Selfish, Hedge Fund, Smile On Your Face

I don't think that hedge funds are bad per se. I think they're just one more financial tool. And in that sense, they're useful.

- Barack Obama

source: "NBC Nightly News with Brian Williams", www.nbcnews.com. September 17, 2007.

topic: Thinking, Tools, Financial, Hedge Fund

Successful hedge funds will be entrepreneurial; it is the essence of the craft.

- Paul Singer

topic: Successful, Essence, Crafts, Hedge Fund

If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.

- George Soros

topic: Skills, Survival, Training, Practical Skills, Hedge Fund

Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.

- George Soros

topic: Risk, Use, Credit, Hedge Fund

Hedge funds are investment pools that are relatively unconstrained in what they do. They are relatively unregulated (for now), charge very high fees, will not necessarily give you your money back when you want it, and will generally not tell you what they do. They are supposed to make money all the time, and when they fail at this, their investors redeem and go to someone else who has recently been making money. Every three or four years they deliver a one-in-a-hundred year flood. They are generally run for rich people in Geneva, Switzerland, by rich people in Greenwich, Connecticut.

- Cliff Asness

topic: Running, Years, People, Connecticut, Geneva

As for another profession ... I suppose I'd manage a global-macro hedge fund. I love that kind of stuff. Weird, I know, but I find it fascinating.

- Nicholas Sparks

topic: Stuff, Kind, Macro, Hedge Fund

Look at those hedge funds - you think they can wait? They don't know how to wait! I have sat for years at a time with $10 to $12 million in treasuries or municipals, just waiting, waiting...As Jesse Livermore said, 'The big money is not in the buying and selling...but in the waiting.'

- Charlie Munger

topic: Thinking, Years, Waiting, Treasury, Buying And Selling

The risks facing hedge funds are non-linear and more complex than those facing traditional asset classessuch risks are currently not widely appreciated or well-understood

- Andrew Lo

topic: Risk, Appreciated, Assets, Hedge Fund

Art is a form of asset. Hedge-fund managers who have made money fast should diversify into other areas.

- Michael Steinhardt

topic: Art, Assets, Form, Hedge Fund

Wall Street, with its army of brokers, analysts, and advisers funneling trillions of dollars into mutual funds, hedge funds, and private equity funds, is an elaborate fraud.

- Michael Lewis

topic: Wall, Army, Dollars, Private Equity, Hedge Fund

We conclude that hedge funds are far riskier and provide much lower returns than commonly supposed.

- Burton Malkiel

source: "INVESTING : More risk, less return" by John F. Wasik, www.nytimes.com. November 13, 2004.

topic: Return, Investing, Fund, Hedge Fund

When a hedge-fund guy gets lucky because the market goes up, and he is going to make $200m, and you know $200 million, and he is going to pay almost no tax. I don't think that is a good thing for the country, and they are all supporting Jeb Bush and Hillary Clinton, all the hedge-fund guys. I don't want their support, because I'm totally self-funding my campaign.

- Donald Trump

source: Source: www.economist.com

topic: Country, Thinking, Self, Hedge Fund

I can't figure out why anyone invests in active management, so asking me about hedge funds is just an extreme version of the same question. Since I think everything is appropriately priced, my advice would be to avoid high fees. So you can forget about hedge funds.

- Eugene Fama

topic: Thinking, Advice, Would Be, Hedge Fund, Active Management

Here's what income and wealth inequality is about. Last year, the top 25 hedge fund managers made more than 24 billion, enough to pay the salaries of 425,000 public school teachers. This level of inequality is neither moral or sustainable

- Bernie Sanders

topic: Teacher, School, Years, Wealth Inequality, Hedge Fund

Our economy is a plantation run for the aristocrats - the CEOs, hedge funds, private equity firms - while the field hands are left with the scraps.

- Bill Moyers

source: Source: progressive.org

topic: Running, Hands, Fields, Plantations, Private Equity

The underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market?" They're trying to push money into the stock market, into hedge funds, to temporarily bid up prices. Then, all of a sudden, the Fed can raise interest rates, let the stock market prices collapse and the people will lose even more in the stock market than they would have by the negative interest rates in the bank. So it's a pro-Wall Street financial engineering gimmick.

- Michael Hudson

source: Source: www.counterpunch.org

topic: Wall, Engineering, People, Hedge Fund, Interest Rate

You can't have bank holding companies acting as hedge funds. You can't have them taking a million-dollar pension plan for Joe Schmo the bus driver and treat it with the same risk appetite that you treat George Soros' pocket money. It's fundamentally ridiculous.

- Shia LaBeouf

topic: Risk, Acting, Pockets, Pension Plans, Million Dollars

Overwinding happens when hedge funds destroy companies by attempting to leverage derivatives against otherwise productive long-term assets.

- Douglas Rushkoff

source: Douglas Rushkoff (2013). “Present Shock: When Everything Happens Now”, p.88, Penguin

topic: Long, Derivatives, Assets, Hedge Fund

You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.

- Warren Buffett

source: "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". Interview With Charlie Rose, www.cnbc.com. October 1, 2008.

topic: Mean, Yield, People, Hedge Fund

There's something wrong when hedge fund managers pay lower tax rates than nurses or the truckers

- Lindsey Graham

topic: Nurse, Pay, Truckers, Hedge Fund

There was a time traditionally - say, GM in the 1950s - it was trying to develop a consumer base that would be loyal and lasting and they were thinking in terms of an institution that would remain and grow and thrive in the society. By now, a lot of the investment firms - bankers, hedge funds - are perfectly happy to destroy what they're in and come out with huge, tremendous benefits. That's a new stage of capitalism.

- Noam Chomsky

source: "Chomsky: "The Business Elites... Are Instinctive Marxists"". Interview with Keane Bhatt, truth-out.org. November 19, 2010.

topic: Thinking, Trying, Bankers, Hedge Fund

When people ask me what I do for a living, I generally tell them 'I run a hedge fund.' The majority give me a strange look, so I quickly add, 'I am a money manager.' When the strange look persists, as it often does, I correct it to simply, 'I'm an investor.' Everyone knows what that is.

- David Einhorn

topic: Running, People, Giving, Hedge Fund

The hedge fund known as "Long Term Capital Management" collapsed last fall through overconfidence in its highly leveraged methods, despite I.Q.'s of its principals that must have averaged 160. Smart people aren't exempt from professional disasters from overconfidence. Often, they just run aground in the more difficult voyages they choose, relying on their self-appraisals that they have superior talents and methods.

- Charlie Munger

topic: Running, Smart, Fall, Appraisal, Hedge Fund

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

topic: Dog, Cat, Pet, Hedge Fund

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

topic: Bail, Bears, Financial, Hedge Fund

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

source: Source: www.spiegel.de

topic: People, Fields, Affluent, Private Equity, Hedge Fund

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

topic: Democracy, Corporations, Prosperity, Hedge Fund

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

source: Source: www.interviewmagazine.com

topic: Corporations, Derivatives, Driven, Hedge Fund

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

topic: Party, Thinking, Ideas, Derelict, Hedge Fund

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

- Austin Ligon

topic: Guy, Mediocrity, May, Private Equity, Rapid Change

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

source: Source: www.sfgate.com

topic: Sexy, Play, Rolling, Private Equity, Adrenaline Rush

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

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

topic: Wall, People, Wrecks, Shenanigans, Hedge Fund

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

topic: Smart, Writing, Opportunity, Very Smart, Hedge Fund

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

source: Source: www.msnbc.com

topic: Men, Aka, Years, Bros, Love And Money

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

topic: Intelligent, Gdp, Civilization, Money Management, Investment Banking

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

topic: Years, Two, Cost, Hedge Fund, Slate

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

topic: Views, Portfolios, Analysts, Fish Bowls, Hedge Fund

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

topic: Mistake, Thinking, Ideas, File Sharing, Hedge Fund

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

source: "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.

topic: Jobs, Risk, Say Anything, Hedge Fund

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

source: Source: www.businessinsider.com

topic: Wall, Crazy, Smart, Hedge Fund

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

topic: Religious, War, Party, Credit Card, Good Party

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

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

topic: Country, Years, Class, Hedge Fund

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

topic: Soccer, Mom, Daughter, Hedge Fund, Soccer Mom

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

source: Source: www.rushlimbaugh.com

topic: Wall, Two, Government, Hedge Fund

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

source: Source: www.telegraph.co.uk

topic: Chinese, Bills, Return, Hedge Fund

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

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

topic: Agency, Financial, Insurance Companies, Financial Services, Financial System

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

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

topic: Opportunity, Thinking, Class, Private Equity, Hedge Fund

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

topic: School, Expectations, Age, Private Equity, Hedge Fund