On the Eve of Convergence: What Happened in 2025 for U.S. Stocks/Tokenization, and Where is the Spark for 2026? | Bee Network
LoginトレンドニュースAIエージェントミーム・ローンチパッドデサイトップチェーンエクスプローラー初心者向け100x コインビーゲーム重要なウェブサイト必須のアプリクリプトセレブリティデピンルーキーズ・エッセンシャルトラップディテクタ基本的なツール高度な Web サイト交換NFTツールWeb3 ユニバースゲームダップミツバチの巣成長するプラットフォーム広告コインをリチャージするログインWeb3 ユニゲームダップミツバチの巣広告ホーム分析分析ワイアットガイド暗号Nasdaq Steps on the Gas: From ‘Sipping Soup’ to ‘Eating Meat,’ Is Tokenized U.S. Stocks Entering the Decisive Phase?U.S. Stocks Sprint Towards ‘Never Closing’: Why Did Nasdaq Launch the ‘5×23 Hour’ Trading Experiment?デフィOn the Eve of Convergence: What Happened in 2025 for U.S. Stocks/Tokenization, and Where is the Spark for 2026?Related: With fees dozens of times higher and still underperforming the market, what exactly are top hedge funds selling?
Original translation by: AididiaoJP, Foresight News Foreword Many people criticize hedge funds for low returns, but they’ve made a conceptual error. Saying that hedge funds “can’t beat the market” is like comparing a boat to a car and then complaining that the boat is slow at high speed—the comparison is completely wrong. Buying the S&P 500 index (i.e., the market factor) costs approximately 0.09% annually. Top hedge funds have annual fees of 5%-8% (2/20 fee structure plus various other fees). The cost difference can reach 50-80 times. If they offered the same thing, then investors would be fools. But they do offer different things, and institutional investors who have invested hundreds of billions aren’t fools either. They’re buying something that money can’t replicate: factor neutrality, a high Sharpe ratio, and…#分析#暗号# デフィ#ガイド# マーケット#トークン# ツール#ウェブ3上一篇
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