Comments on: When failed genius is rewarded http://blogs.reuters.com/felix-salmon/2009/10/22/when-failed-genius-is-rewarded/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: enoriverbend http://blogs.reuters.com/felix-salmon/2009/10/22/when-failed-genius-is-rewarded/comment-page-1/#comment-8290 Thu, 29 Oct 2009 15:07:16 +0000 http://blogs.reuters.com/felix-salmon/2009/10/22/when-failed-genius-is-rewarded/#comment-8290 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.

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By: Careful1 http://blogs.reuters.com/felix-salmon/2009/10/22/when-failed-genius-is-rewarded/comment-page-1/#comment-8226 Thu, 22 Oct 2009 19:29:56 +0000 http://blogs.reuters.com/felix-salmon/2009/10/22/when-failed-genius-is-rewarded/#comment-8226 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.

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By: kthomas http://blogs.reuters.com/felix-salmon/2009/10/22/when-failed-genius-is-rewarded/comment-page-1/#comment-8212 Thu, 22 Oct 2009 17:12:36 +0000 http://blogs.reuters.com/felix-salmon/2009/10/22/when-failed-genius-is-rewarded/#comment-8212 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?

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