Good Politics Is Bad Economics – Ep 803
The Peter Schiff Show Podcast
00:00
Hedge Funds Are Going to Get Killed, You Win Tails, I Lose, Right?
While i can charge 20 % of that ion, even though they're still down three million over all, i get to charge them an incentive fee on profits that aren't really profits, because my client is still down. Now the clients basically reacted very badly. There was an uproar, and a lot of clients just said, fine, send me my money back. I ain't given you anything. This is ridiculous"
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