https://www.nytimes.com/2017/05/16/business/dealbook/best-paid-hedge-fund-managers.html?_r=1 The guys who just bought Timber Hill ( Two Sigma ) are near the top...
From the article... Seriously? Astronomers? Do they really do that or is that some inside joke? Regardless, it has been explained to me here that the guys who are really good at this trading stuff run $99 subscription sites. These guys doing 2 and 20 are missing out!
Article assumes hedge funds should make huge positive returns after fees every year eg "Even managers who had a tough year were able to cash in. Nearly half of the top-25 earners made single-digit returns for their investors, a lackluster sum in a year when the Standard & Poor’s 500-stock index was up 12 percent, accounting for reinvested dividends."
Your reply made me think of a movie quote about 'Assumption...it's the mother of all fuck ups.' ; This is ever so true in regards to trading, It sometimes pays...to be patient, a snake in the bushes...waiting for a slight sign of some sort to confirm or not your initial assumptions,