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Finance, Fads and Hedge Funds

Few industries have a greater fondness for fads than Wall Street.

Few industries have a greater fondness for fads than Wall Street. During the bull market of the 1960s and early ’70s, Nifty 50 growth stocks like Xerox and Polaroid Corp. captured the imagination of the Street and the institutional investors that were its customers. In the ’80s junk bonds were

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