No. of Recommendations: 0
" If I were to put my money into this, they would take 2% of the total off the top? I'd be paying them more than I "pay myself", and I would have to spend 3.8% a year instead of 1.8% a year. That seems insane to me."
Did you watch the interview? Has it occurred to you that a few people in the industry actually earn their fees? Years ago, I could have invested in Steve Cohens hedge fund, it was 2 and 20 back then. HUGE mistake that I didn't. Ron Baron is one of the few who beat the index, BUT, he was way overweight Musk, that took serious, pickleballs. He earned his 1 %, it's hard to bet on the winners tho. In 5 years, we can revisit psus and we will see how Ackman has done.
