Running a Successful Hedge Fund Puts You in an Entirely Different Class

Bernie Sanders and Elizabeth Warren want to take wealth away from rich corporate tycoons. But wait! Top entertainers and other celebrities make even more than corporate tycoons. Taylor Swift makes much more than even the most outrageously paid CEO – some $170 million in 2016, followed by the band One Direction and various athletes, authors, and TV personalities in that year. But wait! Unknown to most Americans, the top earners by far (and it’s not even close) are the publicity-shy handful of hedge fund managers at the very top of that category. Ken Griffin at Citadel and James Simons at Renaissance Technologies are roughly tied at over $1.7 billion (that’s billion with a b) just for the single year 2016 (the last year for which complete information is available). The graphic below, courtesy of Institutional Investor magazine, shows the stunning comparisons.

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Womack Weekly Commentary: September 18, 2017

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For four weeks, the U.S. stock market has sparked and sputtered like a campfire in light rain. Today, pandemic-driven demand is providing fuel for the investors. The need for certain types of products and services has accelerated and innovation is creating new opportunities. Consider: · Technology . Today, digital technologies support nearly all group interactions, which has accelerated innovation. Traditional video communications platforms are in high demand, and multi-person virtual platforms are emerging. Robotics innovations are racing ahead, too. Robotic dogs enforce social distancing in Singaporean parks, reported Accenture. Other types of robots sanitize streets and facilitate contact-less delivery around the globe. · Consumer products and services . COVID-19 increased demand for staples, cleaning, and personal hygiene products. The virus may have inspired deeper and longer-lasting changes in consumer behavior, too. Accenture reported people are favor

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