Friday, November 14, 2008
Why would one take any notice of a billionaire investor who thinks 10% is either 50% or 75%?
Hedge funds to be ‘decimated’ by financial crisis
Billionaire investor George Soros says hedge funds will be decimated by the financial crisis.
(Latin decimāre, decimāt-, to punish every tenth person, from decimus, tenth, from decem, ten; see dek in Indo-European roots.)
”... the bubble has now burst, and hedge funds will be decimated. I would guess that the amount of money they manage will shrink between 50 and 75 per cent.”
Labels: Really must stop pedantically pissing into the windmills of Don Quixote and just give up.
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