Now that's depressing. On the other hand, it's hedge fund people, not people who are actually doing anything. They fear, perhaps correctly, that someday the mob will come to string them up.
Also could be worried that their only advantage in life is that they are already rich. They're not necessarily smarter or better skilled than everyone else. If you reset everyone's bank accounts to zero, the same people would not eventually end up back on top, and that terrifies them.
Surely you can come up with something more substantial than that? It's not 2009 anymore, that kind of intellectually lazy wallstreet bashing doesn't do much.
Now they do even less of anything than they did in 2009, seeing as how passive investing has been essentially proven to be the better strategy for 99.9% of people and the other 0.01% of actors represents large HFT firms that are not reliant on any one individual manager's insight and knowledge.
>seeing as how passive investing has been essentially proven to be the better strategy for 99.9% of people
You might want to look into that. It hasn't been proven at all unless you were thinking of investing in a fund of hedge funds, which nearly nobody does.
