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Continue to ChatI can't figure out why anyone invests in active management, so asking me about hedge funds is just an extreme version of the same question. Since I think everything is appropriately priced, my advice would be to avoid high fees. So you can forget about hedge funds. - Eugene Fama from https://whatsmyquote.com/quote/i-can-t-figure-out-why-anyone-invests-in-active-management-so-asking-me-about-hedge-funds-is-just-an-extreme