Hedge Fund Quotes - Page 3

• Dozens of America's wealthiest taxpayers - including hedge fund legend Michael Steinhardt, super trial lawyer Guy Saperstein, and Ben Cohen of Ben & Jerry's fame - have appealed to President Obama not to renew the Bush tax cuts for anyone earning more than $1 million a year.

  Joe Conason

  Cutting, Years, America

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• LTCM lost money when Russia defaulted on a certain class of bonds, and then they had other investments like on the spread between two different kinds of shares of Royal Dutch Shell Oil Company. Now that seems completely unrelated to Russian bonds. But they were related because other hedge funds saw similar discrepancies and they were all making similar bets.

  Richard Thaler

  Russia, Class, Two

  "Big Think Interview With Richard Thaler". bigthink.com. June 19, 2009.

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• People think that the art market is about opportunists and hedge-fund managers getting broken art, but what really happened is that there was a new configuration of bourgeois values in the U.S. and an acceptance among the bourgeoisie of contemporary art as an idea. I think that bourgeois people are horrible.

  Liam Gillick

  Art, Acceptance, Thinking

  Source: www.interviewmagazine.com

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• California is no longer a state, it's a hedge fund.

  Craig T. Nelson

  California, Politics, States

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• From coast to coast, the FBI and Securities and Exchange Commission have ensnared people not only at hedge funds, but at technology and pharmaceutical companies, consulting and law firms, government agencies, and even a major stock exchange.

  Preet Bharara

  Technology, Agency, Government

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• If we're talking about buying exchanges abroad, we have to have global securities standards, as we have global banking regulations. I'm talking about margins. Now, the United States has certain margin requirements that are not the same in London. Investors and hedge funds that want to borrow more money against securities ? if they can't in the U.S., they go abroad. That could add additional risks to the global economy.

  Muriel Siebert

  Talking, Risk, United States

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• Today, you've got hedge fund billionaires aligned with Karl Rove, running ads against me to try to get Democrats to vote for you [Bernie Sanders]. I know this game. I'm going to stop this game.

  Hillary Clinton

  Running, Games, Trying

  Hillary Clinton's speech at the Clinton-Sanders Democratic presidential debate in Durham, New Hampshire, hosted by MSNBC, www.nytimes.com. February 4, 2016.

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• Especially from my experience as a quant in a hedge fund - I naively went in there thinking that I would be making the market more efficient and then was like, oh my God, I'm part of this terrible system that is blowing up the world's economy, and I don't want to be a part of that.

  Cathy O'Neil

  Thinking, Would Be, World

  Source: www.salon.com

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