BTW, given nature of gold (an element) vs diamonds (carbon in a particular structure), would consider gold as more reliable store of wealth. Hard to imagine cost effective way to make gold. but there are no guarantees.
Agree 100% with this. 13Fs are not indicative of most HFs actual bets. Especially if they are running strategies where a bet consists of a bundle of securities (Eg convert arbitrage).
Also, Given delay in reporting, you’d just be getting in after they get in and likely they get out before you do. So the aggregate impact costs from this strategy becomes their alpha. Hence why some of these LS guys always talk up their positions.
BTW, I could similarly make ridiculous statements about technologists or scientists.
I’ve worked number of places and can’t think of a single person out of hundreds that would think this behavior is OK.