Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (5735)	7/8/2001 7:39:45 PM
From: TobagoJack	of 74559

<<A lot of money is therefore going to the apprentices who worked for the old masters ... if the first couple of years are duds, the money evaporates. A lot of small hedge funds are being opened by incompetents - fortunately most of the money they will lose is their own ... Maybe I should not worry. Maybe they are all geniuses. What seriously bad things could happen in the public markets because of this hedge fund mania?>> This is actually, in a twisted sense, not news we should worry about, because we, collectively, mostly, are 'hedging' the hedge funds, mutual funds etc, intend to out-play their game and catch wisps of their vapor as they blowup. Because we are mostly, for the most part, in cash:0) Chugs, Jay

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