If you are one of the best doctors in the country, chances are you are working somewhere like the Mayo Clinic. Or perhaps you may be at Johns Hopkins, UCSF, or even the Cleveland Clinic. But it is rather unlikely (as much as Michael J Fox would have you believe in Doc Hollywood) that you will be the family practicioner in Grady, SC. (And that’s no knock on SC!)
Simply, the top talent in each in industry gravitates to where the best compensation is. That’s capitalism.
Wednesday, October 21, 2009
Excerpt from an interesting post about hedge fund replication:
Posted by Blinding Insight at 6:30 PM