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Politics : Ask Michael Burke

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From: JakeStraw2/23/2007 11:36:23 AM
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Hedge Fund Has-Beens
thestreet.com

Excerpt - "There is, of course, no mystery to this. Early hedge fund managers were like the first people to take a metal detector to a deserted beach. They turned up all sorts of small buried treasures. Now there are so many treasure-hunters out there you can barely see any sand. What are the chances any Krugerrands remain undiscovered? It's the iron law of diminishing returns: The more people who chase an investment opportunity, the less profitable it becomes."
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