The Hippie Movement Ultimately

question 53

Multiple Choice

The hippie movement ultimately:

• A)disappeared once the draft was ended.
• B)won over much of middle America to its perspective.
• C)was limited to San Francisco.
• D)began to wane as the counterculture had become counterproductive.
• E)got involved in civil rights activism and the war on poverty.

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Definitions:

High Water Mark

A clause in fund management contracts that prevents fund managers from receiving large bonuses for poor performance, ensuring they only earn a performance fee when the fund's value exceeds its previous highest value.

Incentive Fees

Fees paid to a fund manager based on performance, often as a percentage of the investment gains beyond a specified benchmark.

Hedge Fund Manager

An individual or firm responsible for making investment decisions in a hedge fund to maximize returns and minimize risks.

Survivorship Bias

The error of focusing only on the entities that have survived some process and overlooking those that have failed.