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	<title>Comments on: I wanna be a hedge fund manager</title>
	<atom:link href="http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/feed/" rel="self" type="application/rss+xml" />
	<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/</link>
	<description>FORTUNE&#039;s Stanley Bing shares his wit and wisdom every day with a blog, a career advice column, and special features like a gallery of Bullshit Jobs from his book 100 Bullshit Jobs ... and How to Get Them.</description>
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		<title>By: Jimmy DeMoney</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-10607</link>
		<dc:creator>Jimmy DeMoney</dc:creator>
		<pubDate>Mon, 09 Mar 2009 15:58:21 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-10607</guid>
		<description>You&#039;re an idiot!</description>
		<content:encoded><![CDATA[<p>You&#8217;re an idiot!</p>
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		<title>By: H. Billy, Blue Grass city, KY</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-6131</link>
		<dc:creator>H. Billy, Blue Grass city, KY</dc:creator>
		<pubDate>Mon, 18 Aug 2008 02:35:12 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-6131</guid>
		<description>Do you ned a high skool deploma or a GDE? Its cause I can git two of dem if you ned me tah.</description>
		<content:encoded><![CDATA[<p>Do you ned a high skool deploma or a GDE? Its cause I can git two of dem if you ned me tah.</p>
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		<title>By: D. Koon, Indianapolis, In</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-6079</link>
		<dc:creator>D. Koon, Indianapolis, In</dc:creator>
		<pubDate>Fri, 01 Aug 2008 15:25:29 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-6079</guid>
		<description>I&#039;m satrting a Hedge Fund, Invest for no money down!!!</description>
		<content:encoded><![CDATA[<p>I&#8217;m satrting a Hedge Fund, Invest for no money down!!!</p>
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		<title>By: mrsfgd7i8oyuipsm</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-6023</link>
		<dc:creator>mrsfgd7i8oyuipsm</dc:creator>
		<pubDate>Tue, 29 Jul 2008 13:42:52 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-6023</guid>
		<description>DO you need a college degree?</description>
		<content:encoded><![CDATA[<p>DO you need a college degree?</p>
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		<title>By: M. Rellim Seattle, Wa.</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-5849</link>
		<dc:creator>M. Rellim Seattle, Wa.</dc:creator>
		<pubDate>Fri, 27 Jun 2008 08:21:32 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-5849</guid>
		<description>Certainly a JOKE. One must at the very least achieve the credentials to compete. It is Obvious by what was imparted, you are too LAZY to accomplish this.</description>
		<content:encoded><![CDATA[<p>Certainly a JOKE. One must at the very least achieve the credentials to compete. It is Obvious by what was imparted, you are too LAZY to accomplish this.</p>
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		<title>By: Tommy, Atlanta, Ga</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-5009</link>
		<dc:creator>Tommy, Atlanta, Ga</dc:creator>
		<pubDate>Tue, 15 Apr 2008 21:18:40 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-5009</guid>
		<description>y&#039;know if you actually work hard and get your name known, then you will get more clients, you cant expect people to just give you money because you want to try out hedge funds, they want an experienced hedge fund manager, and I promise you they will do their homework. If you decide to work hard and you actually get a bunch of clients even more people will come. who knows if you implement this you just might make 3.6 billion a year like the top dogs...</description>
		<content:encoded><![CDATA[<p>y&#8217;know if you actually work hard and get your name known, then you will get more clients, you cant expect people to just give you money because you want to try out hedge funds, they want an experienced hedge fund manager, and I promise you they will do their homework. If you decide to work hard and you actually get a bunch of clients even more people will come. who knows if you implement this you just might make 3.6 billion a year like the top dogs&#8230;</p>
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		<title>By: Horio, Dover, NH</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-4026</link>
		<dc:creator>Horio, Dover, NH</dc:creator>
		<pubDate>Mon, 03 Mar 2008 03:00:35 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-4026</guid>
		<description>Hey MS in Seattle:  Funny... &quot;entertainment-driven journalism&quot;  As opposed to left-wing political agenda-driven journalism that is the mainstream media (and Conservative right-wing agenda driven talk radio, to be fair).  If you think anyone is media is truly objective you eithe don&#039;t pay attention or aren&#039;t smart enough to know better.

I doubt anyone here would confused Bing&#039;s attempt at humor and self-deprecation as &quot;journalism.&quot;  If you can&#039;t tell the difference then you have a problem.

I&#039;d recommend getting your head out of the Democrat party&#039;s ass and think for yourself.</description>
		<content:encoded><![CDATA[<p>Hey MS in Seattle:  Funny&#8230; &#8220;entertainment-driven journalism&#8221;  As opposed to left-wing political agenda-driven journalism that is the mainstream media (and Conservative right-wing agenda driven talk radio, to be fair).  If you think anyone is media is truly objective you eithe don&#8217;t pay attention or aren&#8217;t smart enough to know better.</p>
<p>I doubt anyone here would confused Bing&#8217;s attempt at humor and self-deprecation as &#8220;journalism.&#8221;  If you can&#8217;t tell the difference then you have a problem.</p>
<p>I&#8217;d recommend getting your head out of the Democrat party&#8217;s ass and think for yourself.</p>
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		<title>By: Richard Wilson, NYC</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-4021</link>
		<dc:creator>Richard Wilson, NYC</dc:creator>
		<pubDate>Sun, 02 Mar 2008 00:34:19 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-4021</guid>
		<description>I actually think you should shoot for mutual fund management instead. Hedge Funds are actually paid mostly on performance while mutual funds are only paid based on the amount of assets under management.  They really don&#039;t have as much incentive to perform over time.

- Richard
</description>
		<content:encoded><![CDATA[<p>I actually think you should shoot for mutual fund management instead. Hedge Funds are actually paid mostly on performance while mutual funds are only paid based on the amount of assets under management.  They really don&#8217;t have as much incentive to perform over time.</p>
<p>- Richard</p>
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		<title>By: ForexCTAs ,La Cadena,Ca</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-2789</link>
		<dc:creator>ForexCTAs ,La Cadena,Ca</dc:creator>
		<pubDate>Wed, 07 Nov 2007 05:42:04 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-2789</guid>
		<description>It&#039;s funny and Thanks for sharing your thoughts here.

ForexCTAs</description>
		<content:encoded><![CDATA[<p>It&#8217;s funny and Thanks for sharing your thoughts here.</p>
<p>ForexCTAs</p>
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		<title>By: Edward Fredrick Waldron VII</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-2437</link>
		<dc:creator>Edward Fredrick Waldron VII</dc:creator>
		<pubDate>Tue, 23 Oct 2007 02:37:28 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-2437</guid>
		<description>This is a quite funny blog. You obviously have no clue what the hell your talking about you can&#039;t just magically become a hedge fund manager. You must not understand that there is major down sides. You can get a lot of money but you can loose a lot to. My grandpa is a hedge fund manager and he worked his ass off to be were he is now. you expect to just hop on the band wagon and become a hedge fund manager because they make loads of money. But if you don&#039;t know what your doing be prepared to be crushed because if a stock blows up and you lose 20 million. you will need to know how to pull your self out of that inflection point. It&#039;s not an easy job at all. My point is you can gain money as well as loose it be carefully what you want. But then again I&#039;m only 16 and what the hell do i know. Good Luck.</description>
		<content:encoded><![CDATA[<p>This is a quite funny blog. You obviously have no clue what the hell your talking about you can&#8217;t just magically become a hedge fund manager. You must not understand that there is major down sides. You can get a lot of money but you can loose a lot to. My grandpa is a hedge fund manager and he worked his ass off to be were he is now. you expect to just hop on the band wagon and become a hedge fund manager because they make loads of money. But if you don&#8217;t know what your doing be prepared to be crushed because if a stock blows up and you lose 20 million. you will need to know how to pull your self out of that inflection point. It&#8217;s not an easy job at all. My point is you can gain money as well as loose it be carefully what you want. But then again I&#8217;m only 16 and what the hell do i know. Good Luck.</p>
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		<title>By: Tony S. - Boca Raton, FL</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-2095</link>
		<dc:creator>Tony S. - Boca Raton, FL</dc:creator>
		<pubDate>Thu, 27 Sep 2007 14:32:20 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-2095</guid>
		<description>One certain hedge fund manager managed to make $1.3B in 2006.  Yes, thats Billion, and yes that was his own personal income for 2006.</description>
		<content:encoded><![CDATA[<p>One certain hedge fund manager managed to make $1.3B in 2006.  Yes, thats Billion, and yes that was his own personal income for 2006.</p>
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		<title>By: hedge funds, NY</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-1701</link>
		<dc:creator>hedge funds, NY</dc:creator>
		<pubDate>Sun, 16 Sep 2007 09:02:34 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-1701</guid>
		<description>I enjoy reading this articles, thanks for sharing.

http://www.hedgefunds-weblog.com</description>
		<content:encoded><![CDATA[<p>I enjoy reading this articles, thanks for sharing.</p>
<p><a href="http://www.hedgefunds-weblog.com" rel="nofollow">http://www.hedgefunds-weblog.com</a></p>
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		<title>By: Paul, Portland, Oregon</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-1465</link>
		<dc:creator>Paul, Portland, Oregon</dc:creator>
		<pubDate>Sun, 02 Sep 2007 01:46:03 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-1465</guid>
		<description>I am in the same boat as the writer. I spent the first 20 years after college drinking excessively, being indiscriminately promiscuous, and working at jobs where there was absolutely no chance of ever getting ahead. I was ok with that until a relative of mine got rich by working alot less per day, but making large chunks of money from personal injuries that other people suffered. Now all of a sudden I am jealous, although I don&#039;t want to change my slothful ways, I still want to be very rich and manage a hedge fund, or just find a billion dollars in cash or bearer bonds. Life is the stuff dreams are made of I guess.</description>
		<content:encoded><![CDATA[<p>I am in the same boat as the writer. I spent the first 20 years after college drinking excessively, being indiscriminately promiscuous, and working at jobs where there was absolutely no chance of ever getting ahead. I was ok with that until a relative of mine got rich by working alot less per day, but making large chunks of money from personal injuries that other people suffered. Now all of a sudden I am jealous, although I don&#8217;t want to change my slothful ways, I still want to be very rich and manage a hedge fund, or just find a billion dollars in cash or bearer bonds. Life is the stuff dreams are made of I guess.</p>
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		<title>By: Ronald, Boston, MA</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-766</link>
		<dc:creator>Ronald, Boston, MA</dc:creator>
		<pubDate>Tue, 17 Jul 2007 04:44:49 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-766</guid>
		<description>No need to be a hedge fund manager, Just go to http://HobbyIn2Wealth.com to get the secrets in wealth building since thousands years ago.</description>
		<content:encoded><![CDATA[<p>No need to be a hedge fund manager, Just go to <a href="http://HobbyIn2Wealth.com" rel="nofollow">http://HobbyIn2Wealth.com</a> to get the secrets in wealth building since thousands years ago.</p>
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		<title>By: cobblestone, NY</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-270</link>
		<dc:creator>cobblestone, NY</dc:creator>
		<pubDate>Fri, 25 May 2007 15:45:16 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-270</guid>
		<description>Given all that, is it feasible or not?</description>
		<content:encoded><![CDATA[<p>Given all that, is it feasible or not?</p>
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		<title>By: Doc, Sonoma CA</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-269</link>
		<dc:creator>Doc, Sonoma CA</dc:creator>
		<pubDate>Fri, 25 May 2007 14:40:33 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-269</guid>
		<description>A small Sonoma winery is the CONSOLATION PRIZE? Have you seen the price of Cabernet Sauvignon grapes recently, Stanley? 

I&#039;m no defender of the hedge fund industry. In addition to those fees, they&#039;re notoriously opaque. Often, the charring of investors&#039; wallets is the only signal of a fund&#039;s immolation.

If you use &#039;alpha&#039; -- the &#039;excess return&#039; earned by a manager&#039;s skill -- as a yardstick, mutual fund managers, for the most part, are also excessively compensated.

A bit of math is needed to divine the true cost of a mutual fund&#039;s alpha (explained here: http://registeredrep.com/mag/finance_getting_pay/index.html), but once you cipher it, your appetite for index funds just might increase.</description>
		<content:encoded><![CDATA[<p>A small Sonoma winery is the CONSOLATION PRIZE? Have you seen the price of Cabernet Sauvignon grapes recently, Stanley? </p>
<p>I&#8217;m no defender of the hedge fund industry. In addition to those fees, they&#8217;re notoriously opaque. Often, the charring of investors&#8217; wallets is the only signal of a fund&#8217;s immolation.</p>
<p>If you use &#8216;alpha&#8217; &#8212; the &#8216;excess return&#8217; earned by a manager&#8217;s skill &#8212; as a yardstick, mutual fund managers, for the most part, are also excessively compensated.</p>
<p>A bit of math is needed to divine the true cost of a mutual fund&#8217;s alpha (explained here: <a href="http://registeredrep.com/mag/finance_getting_pay/index.html)" rel="nofollow">http://registeredrep.com/mag/finance_getting_pay/index.html)</a>, but once you cipher it, your appetite for index funds just might increase.</p>
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		<title>By: libby, seattle-wa</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-257</link>
		<dc:creator>libby, seattle-wa</dc:creator>
		<pubDate>Thu, 24 May 2007 15:39:18 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-257</guid>
		<description>I guess I should of gotten my MBA instead of a Video Degree from an art school. It&#039;s not like I was able to use my degree for anything.</description>
		<content:encoded><![CDATA[<p>I guess I should of gotten my MBA instead of a Video Degree from an art school. It&#8217;s not like I was able to use my degree for anything.</p>
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		<title>By: Lisa Mason, Houston, TX</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-256</link>
		<dc:creator>Lisa Mason, Houston, TX</dc:creator>
		<pubDate>Thu, 24 May 2007 13:50:10 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-256</guid>
		<description>The H*LL with Hollywood! I want to be a hedge fund manager! Even before I read this article I wanted to be a hedge fund manager.  Shame on me for wanting to be a hedge fund manager.</description>
		<content:encoded><![CDATA[<p>The H*LL with Hollywood! I want to be a hedge fund manager! Even before I read this article I wanted to be a hedge fund manager.  Shame on me for wanting to be a hedge fund manager.</p>
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		<title>By: BDog, Boston, MA</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-255</link>
		<dc:creator>BDog, Boston, MA</dc:creator>
		<pubDate>Thu, 24 May 2007 13:48:20 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-255</guid>
		<description>Pointless article that contains no content, not even for entertainment value.  You&#039;re apparently jealous of something you don&#039;t even pretend  to understand?

As others have mentioned, the 
mutual fund industry is much more profitable for those that do nothing, and it impacts a broader group of investors.</description>
		<content:encoded><![CDATA[<p>Pointless article that contains no content, not even for entertainment value.  You&#8217;re apparently jealous of something you don&#8217;t even pretend  to understand?</p>
<p>As others have mentioned, the<br />
mutual fund industry is much more profitable for those that do nothing, and it impacts a broader group of investors.</p>
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		<title>By: George Smith, New York, New York</title>
		<link>http://stanleybing.blogs.fortune.cnn.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-254</link>
		<dc:creator>George Smith, New York, New York</dc:creator>
		<pubDate>Thu, 24 May 2007 07:59:07 +0000</pubDate>
		<guid isPermaLink="false">http://stanleybing.blogs.fortune.com/2007/05/23/i-wanna-be-a-hedge-fund-manager/#comment-254</guid>
		<description>Why pay massive fees to anyone.  Just get a trading account and follow advisory web sites like free www.mutualfundstockcondo.com .</description>
		<content:encoded><![CDATA[<p>Why pay massive fees to anyone.  Just get a trading account and follow advisory web sites like free <a href="http://www.mutualfundstockcondo.com" rel="nofollow">http://www.mutualfundstockcondo.com</a> .</p>
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