The headline on Bloomberg.com said "Bitcoin
Isn't an Investment Until Buyers Sweat the Fees." But what it was
mostly about was the pressure investors have been putting on hedge funds ever
since they were easily able to compare the performance of these fee-heavy funds
against the overall stock market and low cost index funds. Nir Kaissar, a Bloomberg Gadfly columnist, makes the case that until
investors gained access to the kind of financial data that was once the sole
province of brokers and managers, they focused on their returns.