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	<title>Comments on: Why you&#8217;ll never find a hedge fund called Bob</title>
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	<link>http://www.dorisandbertie.com/goodcopybadcopy/2009/07/30/why-youll-never-find-a-hedge-fund-called-bob/</link>
	<description>A blog about good business writing and bad. Especially the bad. Because there&#039;s so much more of the bad.</description>
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		<title>By: goodcopybadcopy &#187; Blog Archive &#187; Words that should be banned: Talent</title>
		<link>http://www.dorisandbertie.com/goodcopybadcopy/2009/07/30/why-youll-never-find-a-hedge-fund-called-bob/comment-page-1/#comment-1257</link>
		<dc:creator>goodcopybadcopy &#187; Blog Archive &#187; Words that should be banned: Talent</dc:creator>
		<pubDate>Tue, 25 Aug 2009 12:57:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.daccreative.co.uk/goodcopybadcopy/?p=360#comment-1257</guid>
		<description>[...] Why you&#8217;ll never find a hedge fund called Bob [...]</description>
		<content:encoded><![CDATA[<p>[...] Why you&#8217;ll never find a hedge fund called Bob [...]</p>
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		<title>By: Clare Lynch</title>
		<link>http://www.dorisandbertie.com/goodcopybadcopy/2009/07/30/why-youll-never-find-a-hedge-fund-called-bob/comment-page-1/#comment-1187</link>
		<dc:creator>Clare Lynch</dc:creator>
		<pubDate>Tue, 04 Aug 2009 09:34:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.daccreative.co.uk/goodcopybadcopy/?p=360#comment-1187</guid>
		<description>I love both &quot;crufty&quot; and &quot;kludge&quot; and am going to start using them.

I recall that one of my fellow PhD students was doing research on the fact that many words (often of Germanic origin) that begin with s + certain consonants have negative connotations - e.g. slimy, smarmy, smear, sly, sleazy.

Similarly, it strikes me that &quot;crufty&quot; and &quot;kludge&quot; are very like existing words that convey the idea of turgidity - e.g. clogged, clump, clod, clunky, crumpled, crusty. I think all those consonant clusters have a fittingly congested feel.

Clare

p.s. Ever counted the number of consonant clusters in the phrase &quot;consonant cluster&quot;?</description>
		<content:encoded><![CDATA[<p>I love both &#8220;crufty&#8221; and &#8220;kludge&#8221; and am going to start using them.</p>
<p>I recall that one of my fellow PhD students was doing research on the fact that many words (often of Germanic origin) that begin with s + certain consonants have negative connotations &#8211; e.g. slimy, smarmy, smear, sly, sleazy.</p>
<p>Similarly, it strikes me that &#8220;crufty&#8221; and &#8220;kludge&#8221; are very like existing words that convey the idea of turgidity &#8211; e.g. clogged, clump, clod, clunky, crumpled, crusty. I think all those consonant clusters have a fittingly congested feel.</p>
<p>Clare</p>
<p>p.s. Ever counted the number of consonant clusters in the phrase &#8220;consonant cluster&#8221;?</p>
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		<title>By: Brad Shorr</title>
		<link>http://www.dorisandbertie.com/goodcopybadcopy/2009/07/30/why-youll-never-find-a-hedge-fund-called-bob/comment-page-1/#comment-1184</link>
		<dc:creator>Brad Shorr</dc:creator>
		<pubDate>Mon, 03 Aug 2009 21:35:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.daccreative.co.uk/goodcopybadcopy/?p=360#comment-1184</guid>
		<description>Crufty is an excellent word, right up there with &quot;Bob&quot;. To carry the conversation even further past its natural end, I should mention that lately I&#039;ve taken a shine to the word &quot;kludge&quot;, one which Chris is no doubt familiar with. Kludge is programming code that clumsy but somehow effective. We must get rid of financial instrument cruft and replace it with kludge, at the very least.</description>
		<content:encoded><![CDATA[<p>Crufty is an excellent word, right up there with &#8220;Bob&#8221;. To carry the conversation even further past its natural end, I should mention that lately I&#8217;ve taken a shine to the word &#8220;kludge&#8221;, one which Chris is no doubt familiar with. Kludge is programming code that clumsy but somehow effective. We must get rid of financial instrument cruft and replace it with kludge, at the very least.</p>
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		<title>By: Clare Lynch</title>
		<link>http://www.dorisandbertie.com/goodcopybadcopy/2009/07/30/why-youll-never-find-a-hedge-fund-called-bob/comment-page-1/#comment-1169</link>
		<dc:creator>Clare Lynch</dc:creator>
		<pubDate>Fri, 31 Jul 2009 15:10:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.daccreative.co.uk/goodcopybadcopy/?p=360#comment-1169</guid>
		<description>Chris - thanks for leaving such a great comment. I might start popularising the word &quot;crufty&quot; - it seems to apply to language too.</description>
		<content:encoded><![CDATA[<p>Chris &#8211; thanks for leaving such a great comment. I might start popularising the word &#8220;crufty&#8221; &#8211; it seems to apply to language too.</p>
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		<title>By: Clare Lynch</title>
		<link>http://www.dorisandbertie.com/goodcopybadcopy/2009/07/30/why-youll-never-find-a-hedge-fund-called-bob/comment-page-1/#comment-1167</link>
		<dc:creator>Clare Lynch</dc:creator>
		<pubDate>Fri, 31 Jul 2009 14:53:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.daccreative.co.uk/goodcopybadcopy/?p=360#comment-1167</guid>
		<description>Fred - yep, and Buffet is also an advocate of plain English (check out his introduction to the SEC plain English guide)

Brad - it pained me to discover this morning that the policing of hedge funds is now known as &quot;micro prudential regulation&quot;. It seems that the complexity of the regulations is being reflected in the language used to describe them. None of it seems to bear any relationship to the real world.</description>
		<content:encoded><![CDATA[<p>Fred &#8211; yep, and Buffet is also an advocate of plain English (check out his introduction to the SEC plain English guide)</p>
<p>Brad &#8211; it pained me to discover this morning that the policing of hedge funds is now known as &#8220;micro prudential regulation&#8221;. It seems that the complexity of the regulations is being reflected in the language used to describe them. None of it seems to bear any relationship to the real world.</p>
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		<title>By: Chris</title>
		<link>http://www.dorisandbertie.com/goodcopybadcopy/2009/07/30/why-youll-never-find-a-hedge-fund-called-bob/comment-page-1/#comment-1166</link>
		<dc:creator>Chris</dc:creator>
		<pubDate>Fri, 31 Jul 2009 13:32:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.daccreative.co.uk/goodcopybadcopy/?p=360#comment-1166</guid>
		<description>I think this legal inflation (&#039;iterative legal framework enhancement strategy&#039; anyone?) has been popular in Britain since at least 1997.

Adding laws on top of laws reminds me of things I saw in my programming days. I think the technical term is &#039;cruft&#039;. Crufty code appears to work at first. Later, it falls over and takes your faith in the program and programmer with it. Let&#039;s hope our legal eagles have the sense to do as you suggest Brad. Repeal and replace.</description>
		<content:encoded><![CDATA[<p>I think this legal inflation (&#8216;iterative legal framework enhancement strategy&#8217; anyone?) has been popular in Britain since at least 1997.</p>
<p>Adding laws on top of laws reminds me of things I saw in my programming days. I think the technical term is &#8216;cruft&#8217;. Crufty code appears to work at first. Later, it falls over and takes your faith in the program and programmer with it. Let&#8217;s hope our legal eagles have the sense to do as you suggest Brad. Repeal and replace.</p>
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		<title>By: Brad Shorr</title>
		<link>http://www.dorisandbertie.com/goodcopybadcopy/2009/07/30/why-youll-never-find-a-hedge-fund-called-bob/comment-page-1/#comment-1165</link>
		<dc:creator>Brad Shorr</dc:creator>
		<pubDate>Thu, 30 Jul 2009 21:24:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.daccreative.co.uk/goodcopybadcopy/?p=360#comment-1165</guid>
		<description>Clare/Fred, Bad news for you both. It looks to me as though financial products are getting even more complex, as if greater complexity will undo the damage caused by overly complex dealings. What ever happened to the concept of &quot;repeal&quot;?  Didn&#039;t we once repeal laws when they were no longer necessary? Now, we just seem to add new laws on top of the old ones.</description>
		<content:encoded><![CDATA[<p>Clare/Fred, Bad news for you both. It looks to me as though financial products are getting even more complex, as if greater complexity will undo the damage caused by overly complex dealings. What ever happened to the concept of &#8220;repeal&#8221;?  Didn&#8217;t we once repeal laws when they were no longer necessary? Now, we just seem to add new laws on top of the old ones.</p>
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		<title>By: Fred H Schlegel</title>
		<link>http://www.dorisandbertie.com/goodcopybadcopy/2009/07/30/why-youll-never-find-a-hedge-fund-called-bob/comment-page-1/#comment-1160</link>
		<dc:creator>Fred H Schlegel</dc:creator>
		<pubDate>Thu, 30 Jul 2009 13:54:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.daccreative.co.uk/goodcopybadcopy/?p=360#comment-1160</guid>
		<description>I would like to think that we&#039;ve learned a lesson about who really profits from over-complexity in finance, but I&#039;m afraid the royal we will jump on the next bandwagon promising returns &#039;you can&#039;t find anywhere else&#039; cause of the &#039;secret, strategic system.&#039;  I&#039;m glad you mention Buffet. I believe he also recommends you only invest in what you understand.</description>
		<content:encoded><![CDATA[<p>I would like to think that we&#8217;ve learned a lesson about who really profits from over-complexity in finance, but I&#8217;m afraid the royal we will jump on the next bandwagon promising returns &#8216;you can&#8217;t find anywhere else&#8217; cause of the &#8216;secret, strategic system.&#8217;  I&#8217;m glad you mention Buffet. I believe he also recommends you only invest in what you understand.</p>
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		<title>By: Clare Lynch</title>
		<link>http://www.dorisandbertie.com/goodcopybadcopy/2009/07/30/why-youll-never-find-a-hedge-fund-called-bob/comment-page-1/#comment-1155</link>
		<dc:creator>Clare Lynch</dc:creator>
		<pubDate>Thu, 30 Jul 2009 11:18:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.daccreative.co.uk/goodcopybadcopy/?p=360#comment-1155</guid>
		<description>You know what though, Brad. I think once all this is over he&#039;ll be back. People no longer trust financial institutions that have their tentacles in all sorts of nefarious places.

Until, that is, the next generation discovers the joys of &quot;financial innovation&quot; (aka thinking you&#039;ve found a way to recycle debt into nothingness). Then, once again Bob will be killed off and usurped by his more glamorous cousin, called [insert random list of impressive, businessy sounding buzzwords here].</description>
		<content:encoded><![CDATA[<p>You know what though, Brad. I think once all this is over he&#8217;ll be back. People no longer trust financial institutions that have their tentacles in all sorts of nefarious places.</p>
<p>Until, that is, the next generation discovers the joys of &#8220;financial innovation&#8221; (aka thinking you&#8217;ve found a way to recycle debt into nothingness). Then, once again Bob will be killed off and usurped by his more glamorous cousin, called [insert random list of impressive, businessy sounding buzzwords here].</p>
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		<title>By: Brad Shorr</title>
		<link>http://www.dorisandbertie.com/goodcopybadcopy/2009/07/30/why-youll-never-find-a-hedge-fund-called-bob/comment-page-1/#comment-1154</link>
		<dc:creator>Brad Shorr</dc:creator>
		<pubDate>Thu, 30 Jul 2009 11:08:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.daccreative.co.uk/goodcopybadcopy/?p=360#comment-1154</guid>
		<description>Clare, It&#039;s ironic that our financial house collapsed in large part because of  &quot;structured&quot; financial products. Bob would never have approved. The mind numbing complexity of financial products seem to me to be product differentiation for the sake of product differentiation. The minuscule point of advantage one product purports to deliver over another can be washed away by one minuscule, unexpected turn in the economy. Bob was much more of a roll with the punches guy. I miss him.</description>
		<content:encoded><![CDATA[<p>Clare, It&#8217;s ironic that our financial house collapsed in large part because of  &#8220;structured&#8221; financial products. Bob would never have approved. The mind numbing complexity of financial products seem to me to be product differentiation for the sake of product differentiation. The minuscule point of advantage one product purports to deliver over another can be washed away by one minuscule, unexpected turn in the economy. Bob was much more of a roll with the punches guy. I miss him.</p>
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