Tom Toles for May 11, 2015
May 10, 2015
May 12, 2015
Transcript:
Hedge Fund Manager: The reason I make a billion per year is I'm smarter than everybody. True, my fund didn't deliver for the investors this year, but I still got a billion dollar bonus. How does that prove I'm smarter than everybody? Pretty obvious.
Of course, if that Billion Dollar Bonus Had been delivered to the Investors instead, the Investors would have made out like Bandits. .