mark's blog

Question 1:

Does the tail wag the dog or does the dog wag the tail? 

Correct.  Yes, the dog wags the tail!

Question 2

Does the market drive stock prices or does the stock drive the market prices?

“The dirty little secret of the hedge fund business is that it’s the two, not the 20, that really matters."

The wealthy love exclusivity.  That's why they love hedge funds.  Like a country club, only the wealthy can get in.