How Wall Street became infatuated with the music industry
Behind the Money
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Merck's Hypnosis Fund
In the early days, in the early years of this fund, it looked like he was making these phenomenally successful bets. But now Merck has stopped acquiring new songs for his hypnosis fund. It reached a point last year where it basically had to tell shareholders that it was going to take a pause because the shareholders wanted to be able to understand what the kind of steady state of this fund would be if it wasn't doing deals so often.
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