Pavlov’s Hedge Fund Managers

Quote du jour is this Pavlov-ian entry from a London hedge fund manager quoted in the FT today:

“Every time you buy anything it is worth less the next day,” said one London credit hedge fund manager. “Eventually you stop buying.”

Related posts:

  1. Hedge Fund Managers are Big Meanies: Part XXXIV in a Series
  2. Analyst –> Hedge Fund Manager –> PR Guy?
  3. Second Acts in Tech Fund Managers’ Lives
  4. The Outsourced Hedge Fund Parent
  5. Kessler on Hedge Fund Principles


  1. That works in the opposite direction too: when market steadily grows — people are developing reflex to buy. Hence the waves stock prices.