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To: expat_panama

Ha! The World’s Biggest Lottery winner trashing other so-called lottery winners. Priceless.


7 posted on 05/13/2015 5:10:34 AM PDT by Gaffer
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To: Gaffer; MrB; Liz; JudyinCanada; 2banana
What bugs me is that while "hedge fund" has become the latest buzzword for the evil rich, it doesn't seem to matter that hardly anyone know just what a 'hedge fund' is.

hedge fund

noun
noun: hedge fund; plural noun: hedge funds
  1. a limited partnership of investors that uses high risk methods, such as investing with borrowed money, in hopes of realizing large capital gains.

That means it doesn't hedge (reduce risk) and it's not a fund (because it's closed to new investors.  imho if free people want to pour their money into 'em, they don't hurt anyone, then we've no need for leftist class hatred.   The good being done is that fund customers who insist on squandering their wealth on questionable investments will be stopped when they go broke anyway.

26 posted on 05/13/2015 5:31:01 AM PDT by expat_panama
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