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kleinbl00 · 467 days ago · link · · parent · post: This firm is working to control the climate. Should the world let it?
One of the talking heads in Netflix's Madoff documentary points out that once upon a time, "hedged funds" were all about strategies to make money if the market went sideways or backwards, so you could "hedge" your bets. Then The Money figured out that you could just shove money in a hedge fund and buy whatever through access. Hedge funds, ultimately, buy stuff that's for sale. Lots of hedge fund assholes blew up in the '80s and regulation changed. More hedge fund assholes blew up in the '90s and regulation changed again. Then Marc Andreesen stole Mosaic, called it Netscape and hedge fund assholes decided AOL was worth more than Time Warner. Behold. Andreesen Horowitz. It's all bullshit money breaking the rules. fuck'em.