So, he's doing quite well and he has some celebrity status among hedge fund managers.

他可以说是事业有成,并在众多对冲基金经理人中,负有盛名

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This is true whether you look at the universe of the mutual fund managers that we might have available to us as individuals or whether it's institutional data, such as those that I just cited; that concept is survivorship bias.

的确如此,不论你在观察,可接触到的基金经理个人,还是观察一些机构数据,就像我刚引用过的那些,这个现象就是生存偏差

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So that staggering amount of money then impairs the fund managers' ability to continue generating excellent returns, but they can stay in business and collect the fees that they get for having this huge pile of money.

于是这巨额的资金,会削弱基金经理,持续创造高收益的能力,但经理们依旧能保住饭碗,一如既往地从巨额资金中获得佣金

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