Hedge funds need to tackle insider trading perception

Avoiding greater fools

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Hedge funds need strong ethics, starting from the top

“The greater fool is actually an economic term. It’s a patsy… For the rest of us to profit, we need a greater fool, someone who will buy long and sell short. Most people spend their lives trying not to be the greater fool. We toss him the hot potato. We dive for his seat when the music stops. The greater fool is someone with the perfect blend of self-delusion and ego to think that he can succeed where others have failed. This whole country was made by greater fools.”
The Newsroom: “The Greater Fo