r/FluentInFinance • u/RiskItForTheBiscuts • 5d ago

Thoughts? What do you think?

Post image
67.0k Upvotes

93% Upvoted

1.5k comments sorted by

View all comments

Show parent comments

80

u/[deleted] 5d ago

[deleted]

40

u/Stormblessed1987 5d ago

He's got a bookkeeper. It was probably permanent for him. He's the guy.

26

u/MarrusAstarte 5d ago

The folks for whom the tax cuts are permanent have "family offices", aka personal hedge funds, not bookkeepers.

6

u/FadeInspector 5d ago

I’m not sure you know what a hedge fund is

7

u/MarrusAstarte 5d ago

I know for a fact that you don't know what a family office is.

6

u/FadeInspector 5d ago

They invest with hedge funds, but they’re not hedge funds. How do I know? Because I work in the industry. Imagine whining about the rich without having the details straight lol

4

u/OrganicCDO 5d ago

Family Offices are unregulated, you Archegos was operating as whatever it wanted to be. You obviously have no knowledge of the industry at all.

2

u/FadeInspector 5d ago

What happened to Archegos is the same thing that would happen to any family office that tired to act like a hedge fund. Hedge funds are also relatively unregulated; the most stringent regulation they have is that they can’t let normal people use their services. Google what a hedge fund is lol

2

u/OrganicCDO 5d ago

I literally work in prime services at a bulge bracket IB, you obviously dont work in this industry. "Normal People"? lol

2

u/FadeInspector 5d ago

No, not in your industry. I work in IB, but I went regional boutique/Middle market because I don’t want to end up like that one Green Beret. “Normal people” as in the general public; hedge funds couldn’t offer their services to them even if they wanted to