Top 40 Words from Hedge Fund Apologies

Last week, Venture Capitalist and entrepreneur Paul Kedrosky took a collection of apology letters from hedge managers to their investors (originally compiled by the Wall Street Journal) and applied a tag cloud to see which were the most popular words/excuses used to explain the recent turmoil in the market.

The weighting means that the bigger and darker words were used more frequently.

Beyond simple providing a glimpse into the market's rationalizations of the activity, Paul also points out that the words 'sorry' and 'apologize' don't even register.
 

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