Hedge funds haven of hit and run capital

The operative word with respect to these giant hedge fund pools is “capricious.” Savers traditionally functioned on the free market as agents of financial discipline, allocating funds to asset managers who had established a well-seasoned record of diligence, rigor, and consistency. By definition, old-fashioned savers on the free market deliberately chose to defer immediate consumption and gratification; they were looking for stable, reliable returns over the longer haul, not overnight riches.