{"id":64562,"date":"2018-07-08T00:00:12","date_gmt":"2018-07-08T04:00:12","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=64562"},"modified":"2018-07-10T00:59:53","modified_gmt":"2018-07-10T04:59:53","slug":"its-better-to-be-rich-than-right-2","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2018\/its-better-to-be-rich-than-right-2.html","title":{"rendered":"It\u2019s Better to Be Rich Than Right"},"content":{"rendered":"<p>(Bloomberg) One apparently out-of-consensus view that I have is that, while most people seem to think that the essential skill of a hedge fund manager is identifying investments that will have high returns, I think that the essential skill of a hedge fund manager is continuing to run a large hedge fund that pays you a lot of money. Obviously those skills overlap&#8230; But they are conceptually distinct. For instance here is a sequence that you sometimes see hedge fund managers go through&#8230;&#8230;<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2018-07-05\/it-s-better-to-be-rich-than-right\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) One apparently out-of-consensus view that I have is that, while most people seem to think that the essential skill of a hedge fund manager is identifying investments that will have high returns, I think that the essential skill of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-64562","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/64562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=64562"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/64562\/revisions"}],"predecessor-version":[{"id":64563,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/64562\/revisions\/64563"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=64562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=64562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=64562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}