The thing that gets lost in the whole GameStop Reddit thing is that hedge funds are marketing vehicles – "you're very special, it's only for institutional investors and people like" – that only exist to make money for their managers.

"people like you" urghh

The 2 and 20 fee structure and the managers' carry are directly at odds with investors' interests. Would you put your money in something where the moment you buy you lose 2%? And then you can't take your money out for years and every year you start 2% in the hole?

And then you only hear about these crazy returns from hedge funds like RenTech but you can never know how many hedge funds fail every year.

Survivor bias is real, especially with hedge funds. They're absolute leaches and serve no discernible purpose besides stealing money from pension funds and wealthy divorcées.

Hedge funds are literally upwards wealth redistribution among the wealthy elite. They can all burn. Nobody will cry.