its great to make so much money in something most of us understand so little about. But hey, my bank account doesn't know the difference (a blop hit looks like a line drive in the next day's box score)
AGNC is as close to hedge fund investing as I will ever get. AGNC works an arcane field of money making that is normally not available to most of us. I believe that the people who get the huge Wall Street bonuses have similar talents ana make so much for their investors that they deserve their bonuses. It's for this reason that I believe that Book Value investing is simply not applicable to AGNC. The value is not in the assets, the value is in the skill.