A new threshold. Today the 2000th hard copy of this very self published book was sold. Thank you all.

Comprehensive coverage of a fascinating story which sounds awfully familiar https://t.co/7XeHMdR7Rz

Why are PE funds allowed to aggressively pitch this way?

"We have outperformed public markets by 8.7% on average per year since 1989"

40 pages later in extremely small print

"No investor.. invested.. in a manner to [receive] the returns"

@PELaidBare @verdadcap @Brad_Case

I love this argument. HFs underperform overall but provide a public good -- all great then. BUT if so, government should refund the few pension funds who paid the bill for this public service. Should the government also waive taxes for HF managers to thank them? Unless ... https://t.co/zR6kF7Pvpv

Sharp and to-the-point analysis by @JavierespFT

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