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Strategies & Market Trends : Value Investing
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To: maverick61 who wrote (39034)9/1/2010 12:32:49 AM
From: Spekulatius3 Recommendations  Read Replies (1) of 78744
 
>>Wow - who put the burr up your arse?<<

The question is who put the burr of Dan Loebs arse? He is a hedge fund manager enjoying a 20% income tax rate on his million $ salary (or performance fee or whatever it is called) due to a tax loophole. Hedge fund managers as a group do nothing productive in my opinion (and that of Warren Buffet) He is long something and short something with a holding period of probably less than 6month on average. The banks that are now penalized in his opinion would all be toast by now if it weren't for the government.

I suggest he sets up shop in low tax heavens like Russia or China were the government is always friendly <g>.
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