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Top Hedge Fund Managers Earn Over $240 Million

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Top Hedge Fund Managers Earn Over $240 Million [#permalink] New post 24 Apr 2007, 15:40
http://www.nytimes.com/2007/04/24/busin ... ei=5087%0A

Quote:
James Simons, a 69-year-old publicity shy former math professor, uses complex computer-driven mathematical models to make bets on stocks, bonds and commodities, among other things.


His earnings last year were $1.7 billion.

Thats f.....n crazy...earnings of 1.7 Billion $

so now who are interested in Hedge Funds :lol:
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 [#permalink] New post 24 Apr 2007, 15:49
1.7 billion? Is that all?
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 [#permalink] New post 24 Apr 2007, 15:50
Compare that to

Quote:
His earnings last year were $1.7 billion.

As one of the leading hedge fund managers, Mr. Simons makes a sum that dwarfs that of the top chiefs on Wall Street. The highest paid on the Street, Lloyd C. Blankfein of Goldman Sachs, earned $54.3 million in salary, cash, restricted stock and stock options last year. (Unlike the total for Mr. Simons, Mr. BlankfeinтАЩs reported compensation does not include gains on investments.)
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 [#permalink] New post 24 Apr 2007, 16:02
Yeah, my co-worker and I were laughing about this earlier...assuming a 60 hour work week (which could be way off, I dunno), the guy pulls in money as follows:

$141,666,667 per month
$32,692,308 per week
$6,538,462 per work day
$544,872 per hour

and what's minimum wage? $7.75/hr?
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 [#permalink] New post 24 Apr 2007, 16:03
50 million vs 1.7B... the numbers are so big its meaningless at that point. It almost doesnt even matter.
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 [#permalink] New post 24 Apr 2007, 16:04
mattyb wrote:
Yeah, my co-worker and I were laughing about this earlier...assuming a 60 hour work week (which could be way off, I dunno), the guy pulls in money as follows:

$141,666,667 per month
$32,692,308 per week
$6,538,462 per work day
$544,872 per hour

and what's minimum wage? $7.75/hr?


Could you imagine trying to spend that as fast as you made it? I think it would actually be near impossible to do.
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 [#permalink] New post 24 Apr 2007, 16:18
You could just buy one really big thing, like the Venetian in Las Vegas which cost $1.5 Billion or something like that. Then you could just board it up and use it as your vacation home.
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 [#permalink] New post 24 Apr 2007, 17:01
rhyme wrote:
50 million vs 1.7B... the numbers are so big its meaningless at that point. It almost doesnt even matter.


I agree. There's a point after which you are in it for sth else. You are either a power junkie, a deal junkie, a success junkie, a whatever junkie but you are not in it for the money.

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 [#permalink] New post 24 Apr 2007, 18:44
rhyme wrote:
50 million vs 1.7B... the numbers are so big its meaningless at that point. It almost doesnt even matter.



you can easily spend 50M in a day; buy several Enzos for your buddies and a few condos in Marco Islands for your kids.

Man, he is broke already!!
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 [#permalink] New post 25 Apr 2007, 01:41
No wonder CEO is no longer the most popular job.
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 [#permalink] New post 25 Apr 2007, 11:12
YOWZA

_________________

There are three things in life: Price, Quality, and Speed. You only get two out of the three.

  [#permalink] 25 Apr 2007, 11:12
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Top Hedge Fund Managers Earn Over $240 Million

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