Bored of the Board

Him: We’re going to launch a new fund!
Me:  So that you can make that underperform also?
Him: Our investors would like a new market-neutral strategy!
Me:  We are market-neutral. You lose money when the market’s up, and you lose money when the market’s down.
Him: We’ll make the minimum investment really really high!
Me:  So only the very very very […]

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According to its Wikipedia entry, “[h]erd mentality implies a fear-based reaction to peer pressure which makes individuals act in order to avoid feeling “left behind” from the group.”  “Jumping on a bandwagon” apparently refers to how causes or individuals become popular as a result of “herd mentality.”  Hmmm.
I’m considering the question because I have in my heart […]

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