Joel Greenblatt Discusses the Thrill of Investing
Masters in Business
00:00
Hedge Fund Management - We're Not a Long Term Fund Manager
The hedge fund business is the worst of all worlds. People pay too much to your clients and they don't stay very long so we made two decisions one is to uh make our fees very reasonable, he says. The other was that instead of locking people in for a year or two or three we said it's monthly liquidity. It's not a signaling device to say you should have a short time horizon actually for what we do you need a long time horizon.
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