Staid old JP Morgan is buying its way into the wild hedge-fund circus, taking control of Highbridge Capital. Is it crazy? Perhaps. But banks were on the losing end of the 20-year transition to mutual funds. There was $40 billion in mutual funds in 1980 compared with more than $4 trillion today. Now banks want the money back.
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Can we get medicine on the same ever-lowering price curves as technology. Funny stories of my quest to figure out where silicon will change medicine.
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September 28, 2004
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