The Importance of Watching the Market

Hedge fund people are running hedge funds, right? They're not watching TV at 2 p.m. No, they're watching to see what the market is doing. That's why business channels exist. So they're just literally teeing off Charles Payne or whoever else is like reading the stock ticker. And so, for some, especially those that my theory having worked there is that it's just a screensaver program For clients that are visiting the hedge fund that they have a bunch of TVs in the front room.