Just Because You Make a Lot of Money Doesn't Mean You Know What You're Talking About

Tuesday 31 August 2010
by: James Kwak | The Baseline Scenario | Op-Ed

Hedge fund managers may be good at investing money. (Or they may just be the beneficiaries of luck, like successful stock mutual fund managers.) But that doesn’t mean they can think clearly.

Andrew Ross Sorkin comments on the letter by fund manager Daniel Loeb, a former Democratic fundraiser, criticizing the supposed anti-business policies of the Obama administration.