If Cole successfully analyzes an opportunity for the hedge fund and it invests slightly more effectively, that will be a win for the fund’s managers … - Andrew Yang

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If Cole successfully analyzes an opportunity for the hedge fund and it invests slightly more effectively, that will be a win for the fund’s managers and its investors. But there will very likely be an equivalent loss on the other side of the investment (whoever sold it to them makes out slightly less well for having undervalued the asset). It’s not clear what the macroeconomic benefit is, unless you either favor the hedge fund’s investors over others or have a very abstract view toward capital markets working efficiently.

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About Andrew Yang

Andrew Yang (born January 13, 1975) is an American entrepreneur, the founder of Venture for America (VFA), and a 2020 Democratic presidential candidate.

Biography information from Wikiquote

Also Known As

Native Name: 杨安泽 楊安澤
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Additional quotes by Andrew Yang

We are constantly asked to choose between family and function, and fear that if we let up for even a little while our race will be lost. Women choose between time with their children — or having children — and keeping their job. Men choose between life on the road and being bypassed. Children get used to seeing one parent routinely, or maybe no parent at all.

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While I enjoy the work because of my love of mathematics, I luckily realized that this career path was simply designed to exploit inefficiencies in markets in order to extract profits from others. This financial realm known as trading is a zero-sum game where for every dollar you make, someone else loses a dollar, and I know I’m not destined to become such an obvious parasite on society. I only aspire to lead a meaningful, impactful life where I can apply my skills as an extremely analytical individual toward the benefit of humanity.

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