Failed Hedge Funds Stories

I guess, I only heard the small details. This is too crazy. I guess, this gives us something to shoot for... LOL.
Imagine having 2 porn stars come over during lunch hour.....
 
Originally posted by J-Trade
It certainly pays to be super-cautious when investing in ANY kind of fund. Almost all mutual funds have been a complete disaster these last 3 years ...
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Look, it's a small thing, really no big deal, but the term investing irks me:)

You don't invest in a mutual fund anymore than you invest in the S&P emini for a half-point. It's speculation - plain and simple. What's the problem with calling it what it is?

OK, I got it off my chest, and you can now return to the topic at hand.
 
What a great article - great read. There are so many scum-bags around its depressing. Any would be hedge fund investors should read that piece. As a sidebar, don't you find the "accredited investor" rules ridiculous? i.e. if you have a certain net worth and make a certain amount of money per year you are deemed to be "sophisticated". This article points out the fallacy of this - a celebrity hairdresser was one of the investors! If I were a lawmaker, I would want a "demonstrated knowledge" test for an accredited person so that rich and ignorant retirees don't get bilked.
 
Aaron,

You'll have to read the book, or at least get hold of a copy of his client newlsetter, Portfolio Strategy Letter. Worth it if you have long-term investments.

Tampa - personally, I think its better not to confuse trading the S&P for half a point, which is not investing, with investing in instruments for long-term gain. Of course, you might invest in a fund that trades short-term, or even trade mutual funds. I'd agree that all trading & investing is speculative by nature, but still important to be clear about the difference between the two.

J.
 
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