Investors are happy to pay high fees for the skill, but regard the market return as a commodity.
投资人乐意为技巧付出高昂的费用,但认为市场回报是理所当然。
These managers are willing to pay for the best and they expect a much higher level of skill.
那些经理会很乐意为最佳选择买单,他们期待的是远超常人的技能。
But as long as clients blindly believe in that skill, they will pay for the hedge funds' yachts.
但只要他们依旧盲目的相信那种技术,他们就会为对冲基金经理人的游艇买单。
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