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August 31, 2007
Financial Quote du Jour
From a chat today with a hedge fund guy:Market impact ate my alpha.Like me, most of my readers will have heard variants of this one before, but for everyone else it's such an evocative and lovely phrase -- like out of some filmic cross between Wall Street and Godzilla -- that I had to repeat it here.
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I think I first heard this in 1986...
Not exactly in the same realm, but my favorite has always been:
"My dogma ate my karma."