Comments on: When failed genius is rewarded A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: enoriverbend Thu, 29 Oct 2009 15:07:16 +0000 Ezra, you understated the ability of Meriwether to lose money and cause trouble for investors.

Before his JWM blowup, before his LTCM blowup, he assisted in the Salmon Brothers blowup (the Treasury securities scandal) in the early 90’s.

It’s really surprising that anyone would give him any money to manage.

By: Careful1 Thu, 22 Oct 2009 19:29:56 +0000 Remember, hedge funds are not an asset class, they are a compensation method. A hedge fund that limits the managers compensation is an oxymoron, so it must cease to exist.

By: kthomas Thu, 22 Oct 2009 17:12:36 +0000 A fool and his money are soon parted.

I truly believe that some people, namely people with money to burn, love tossing money into these furnaces.

Aren’t these funds similar to Ponzi….er, Madoff schemes?