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[原创]Agency Risk or Career Risk, I would say... |
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天凉好个哈糗
头衔: 海归上校 声望: 教授
加入时间: 2006/03/27 文章: 731
海归分: 69072
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作者:天凉好个哈糗 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
With so many discussions here and there, albeit some or most of them came from people who had totally no idea about the essence of this fiasco, i am not here try to make a defense cos i am not the one who profited from the big run up in the past few years since 2003. What i am trying to talk about is more from an angle of some one who actually sits in this industry and in terms of making my statement as if i was the one who sit on that desk, back in that time.
I was trying to ask myself, what would you do if you have a huge career risk, aka agency risk or performance driven pressure from those investors who just pile up money to those who had good performance but not risk-adjusted ones?
I would say, fcuk it... U?
Easy example, Fund A and B.
A made 30% for the past 5 yrs using a very aggressive emerging market strategy; While B made 16% every yr with high Sharp Ratio.
Dumb investors will get down on their knee to beg A for an investment while B got pushed out of the business by being conservative, right?
Ok, let's assume that B is ok and is still in the business. While A making huge 2+20 every yr and AUM grows up to the roof. What would u do as B?
Again fcuk it, right?
It is always a rule of thumb, fcuk it...
Oh sorry, rule of thumb should be, if every one pretends not to see it, why should i be as smart as an ass wxxxx?
So dear investors, who r pushing the nice, cautious guys out of the business huh?
作者:天凉好个哈糗 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
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- [原创]Agency Risk or Career Risk, I would say... -- 天凉好个哈糗 - (1455 Byte) 2009-3-06 周五, 16:44 (1331 reads)
- Yes. -- 网客JT - (871 Byte) 2009-3-06 周五, 19:31 (215 reads)
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