Post #11347 by LongTermBRK on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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Good points. But there are more clients getting scalped—compared to the number of hedge fund managers doing the screwing.

So while the incredibly wealthy managers do, to your point, individually widen the wealth gap—there are too few of them to move the societal needle.

Far more “very wealthy” individual clients are transformed into simply “modestly wealthy” through the Hedge Fund industry. Thus serving a net wealth disparity benefit to society.

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