【正文】 reet Journal, Mr Hawley offered some sensible proposals on how to ?霍利。許多旅客嘲笑那些挑剔的規(guī)章制度，許多旅客抱怨安全措施毫無(wú)效果。他們悵然回憶起飛行的黃金時(shí)期，那時(shí)坐飛機(jī)光彩照人，而不是長(zhǎng)長(zhǎng)的隊(duì)伍和煩擾的搜身帶來(lái)的痛苦。ChickfilA may end up eating more 。Mr MullerMoore claims to have received thousands of supportive 。It 。他同其合伙人在Facebook和Kickstarter試圖為一個(gè)名為 野蠻的家伙 的紀(jì)錄片募集資金。這一行為顯得太貪婪了。The firm is protecting its trademark not from a crafty restaurateur hoping to piggyback onits fame, but from a kale farmer and a Neolithic stencilartist in ，而是風(fēng)蒙特州的一個(gè)種植羽衣甘可銳教育官網(wǎng)藍(lán)的農(nóng)民和一個(gè)民間模板藝術(shù)家。ChickfilA insists it has to protect its 。Last year Tootsie Roll Industries, which makes chewy sweets, filed suit against the maker ofa rollup shoe called ，生產(chǎn)咀嚼軟糖的小腳趾圈公司對(duì)生產(chǎn)rollup shoe的廠商Footzyrolls提起訴訟。But Mr MullerMoore is not the only small entrepreneur to have caught the attention of a bigfirm s trademark ，MullerMoore先生并非唯一一個(gè)受到大型企業(yè)商標(biāo)權(quán)恐嚇的私營(yíng)業(yè)主。only the profoundly stoned or derangedwould try to eat a Tshirt or wear a chicken ，他們一個(gè)是賣(mài)快餐的，另一個(gè)是賣(mài)衣服的。Really?事實(shí)真是如此嗎? 可銳教育官網(wǎng)The letter does not cite a single person whom the slogan has —Eat More Kale所誤導(dǎo)的人。Nonetheless, the slogan screened on his shirtsEat More Kale , initially made in 2001 as afavour for a local farmer, whose kale crop had a bumper yearcaught the humourless eyes ofChickfilA s ，MullerMoore染印在T恤衫上的短語(yǔ) Eat More Kale 還是為托萊多無(wú)趣的律師們所關(guān)注。Mr MullerMoore estimatesthat his were $40,。Bo MullerMoore paints Tshirts in the garage next to his house in Montpelier, MullerMoore在其車(chē)庫(kù)里染印T恤衫。他們擔(dān)心民眾對(duì)其慷慨贊美的日子已經(jīng)終結(jié)，這倒不是杞人憂(yōu)天。至于他在這一點(diǎn)上是否成功了，還有待考證。因此，這給讀者留下了一個(gè)令人困惑的問(wèn)題：投資者如果完全退出對(duì)沖基金，表現(xiàn)是不是會(huì)更好呢?如果是的話(huà)，他們以后又應(yīng)該把錢(qián)投到哪里呢?In his conclusion Mr Lack argues that most hedgefund books are written by their“proponents”.His ambition was to spark debate and help to change the succeeds or not remains to be executives have already reacted angrilyto “The Hedge Fund Mirage”, which suggests that looking into the mirror may be worry the days of easy praise are ，大多數(shù)關(guān)于對(duì)沖基金的書(shū)都是由它的 擁護(hù)者 寫(xiě)的。大型機(jī)構(gòu)不可能將大額資金放入他所推崇的那些敏捷的小基金里，而他并沒(méi)有提出如何解決這些大型投資者所面臨的問(wèn)題。Mr Lack points out that large institutional investors always like to invest in bigger way they need not worry about being the bulk of a small fund s he offers no solution for these large investors, who cannot put big sums into the small,nimble funds that he does he analyse how hedgefund performance pareswith other asset classes, such as private a result, the reader is left with a naggingunanswered question: would investors do better to avoid hedge funds altogether and, if so,where should they put their money in future?Lack還指出大型機(jī)構(gòu)投資者都喜歡投資大型對(duì)沖基金。他們投資給最大，最有名的基金，而這些基金的累積表現(xiàn)跟投資者所希望模仿的表現(xiàn)相差甚遠(yuǎn)。更可惡的是2008股票市場(chǎng)災(zāi)難性跳水可能已經(jīng)把對(duì)沖基金為投資者賺的所有利潤(rùn)都抹殺掉了。Lack計(jì)算自1998年起，對(duì)沖基金經(jīng)理大約保留了84%的總利潤(rùn)，而投資者只拿到了16%。再加上通用的費(fèi)用結(jié)構(gòu)使得許多經(jīng)理變得富裕，而非他們的客戶(hù)。Why would any client continue to pay for such mediocre returns? One reason is that hedgefund managers are incredibly good addition, industry insiders who are all tooaware of hedge funds shortings choose not to expose them, Mr Lack ,the mon fee structure, in which hedgefund managers keep 2% of assets as a“management” fee to cover expenses and 20% of profits generated by performance, hasmade many managers rich, but not their Lack calculates that hedgefundmanagers have kept around 84% of profits generated, with investors only getting 16% since1998.“Where are the customers yachts?” is the title of one is worse, thedisastrous dive of equity markets in 2008 may have wiped out all the profits that hedgefunds have ever generated for 為什么客戶(hù)要繼續(xù)為如此普通的回報(bào)付費(fèi)呢?其中一個(gè)原因是對(duì)沖基金的經(jīng)理都是不可思議的優(yōu)秀銷(xiāo)售人員。更有問(wèn)題的是不知道對(duì)沖基金的表現(xiàn)究竟如何，因?yàn)樽粉櫂I(yè)界表現(xiàn)的的指數(shù)通?？浯蠡貓?bào)。當(dāng)然一部分投資者是會(huì)有所獵獲的，但平均來(lái)說(shuō)對(duì)沖基金的表現(xiàn)連無(wú)風(fēng)險(xiǎn)的美國(guó)國(guó)債都不如。他寫(xiě)了本具有挑釁性的書(shū)來(lái)質(zhì)疑對(duì)沖基金的核心：它的業(yè)績(jī)是物有所值的。曾在投資銀行摩根大通工作23年的Simon Lack，當(dāng)時(shí)的任務(wù)是分配在對(duì)沖基金的投資。她也并沒(méi)有抓住整個(gè)大環(huán)境或其他一些對(duì)沖基金經(jīng)理的共通因素。她引用了保爾森2011年寫(xiě)給股東信件里的話(huà)，他堅(jiān)稱(chēng)連累該基金業(yè)績(jī)的銀行股在經(jīng)濟(jì)狀況恢復(fù)時(shí)將反彈。她為保爾森在對(duì)沖基金行業(yè)的冉冉升起洋洋灑灑寫(xiě)了十幾頁(yè)，而對(duì)他在 2011年的糟糕表現(xiàn)則一筆帶過(guò)。Throughout her book Ms Ahuja seems to be in a trance herself, in thrall to the glamour of never questions the judgment of her alphamen and always gives them thelast devotes dozens of pages to Mr Paulson s rise in the hedgefund industry, butglosses over his poor performance in results have led some to speculate that hemay have the unfortunate record of both earning and losing the most money in quotes one of his 2011 letters to investors asserting that bank stocks—whosestruggles pulled down his funds performance—would rebound when the economy improves,never criticising what he did or pointing out that investors will have to wait ages to claw backsuch massive does 可銳教育官網(wǎng)she grasp at bigger themes or the many mon factors thathedgefund managers it ego, courage, good networks or charisma that hasbrought them more success than their fellow financiers?Ahuja在她的整本書(shū)里都好似被催眠，完全被其采訪對(duì)象的成功所迷住。賣(mài)空家James Chanos剝光了安然公司?！栋柗ù髱煛妨信e了11位業(yè)界最知名的總裁，并分析他們投資哲學(xué)和經(jīng)典案例。在她在花旗實(shí)習(xí)的時(shí)候就十分敬畏華爾街。and Ray Dalio, the boss of Bridgewater, theworld s largest hedge fund, makes a killing for his investors and keeps calm doingtranscendental ?還是因?yàn)樗麄兲幮姆e慮的市場(chǎng)企劃?兩本新書(shū)在對(duì)沖基金經(jīng)理們的金杯里究竟是半桶水還是半桶空氣的問(wèn)題上產(chǎn)生異見(jiàn)。That the NRO felt able to give them away suggests that its spies have even better toys toplay with, of the sort that astronomers would kill to get their hands this be the startof a beautiful friendship?NRO覺(jué)得把它們送走之后自己的間諜們就有更好的玩意來(lái)耍了，要是這樣的話(huà)，估計(jì)天文學(xué)家們打死都不會(huì)接受的——這會(huì)是NRO和NASA一段美好友情的開(kāi)始嗎?第二篇：2018年可銳考研英語(yǔ)閱讀經(jīng)典文章內(nèi)容講解可銳教育官網(wǎng) producer who worked briefly on Wall Streetbefore taking a job at the Wall Street Journal, has written a homage to was inawe of Wall Street already when she was an intern at has never shed it.“The Alpha Masters” profiles 11 of theindustry s bestknown bosses, and looks at their investment philosophies and their Paulson made billions predicting the bursting of America s housing bubble。Advocates hope an NROpowered WFIRST mission could launch in the early ，WFIRST能在21世紀(jì)20年代發(fā)射。One idea is to use one of the mirrors for the WFIRST mission, an infrared telescope designedto investigate dark energythe stillmysterious force thought to be behind theaccelerating expansion of the ，紅外線(xiàn)望遠(yuǎn)