‘No man is rich enough to buy back his own past.’ –Oscar Wilde
People who manage investment funds have greatly increased in number and pay. Once their management fees are taken into account, they tend to give lower returns than simple index funds. Investors seem willing to accept such lower expected returns in trade for a chance to brag about their association should returns happen to be high. They enjoy associating with prestigious fund managers, and tend to insist that such managers take their phone calls, which credibly shows a closer than arms-length relation.
sheep and formaldehyde solution { Damien Hirst, The Tranquility of Solitude (for George Dyer), Damien Hirst, The Tranquility of Solitude (for George Dyer), 2006 }
