— Matt Taibbi and Molly CrabappleThe way the game evolved, big hedge fund clients had access to investment banking research far ahead of everyone else, creating a two-tiered investment environment. There was one market for insiders, and one for everyone else. As the former hedge fund manager Marc Cohodes explains, “Joe Sixpack has zero chance to succeed here.”
Replicated under Fair Use from The Divide: American Injustice in the Age of the Wealth Gap by Matt Taibbi and Molly Crabapple. (Pg. 268)