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To: SouthFloridaGuy who wrote (445)	3/4/2007 7:49:07 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 1718

would you be willing to post it, if that number changes? up or down. ?

To: SouthFloridaGuy who wrote (445)	3/4/2007 9:49:54 AM
From: Bid Buster	Read Replies (1) \| Respond to of 1718

<Proliferation of technology, expansion of financial markets, increasing global wealth, increased avenues for investment; all very legitimate reasons why the hedge fund industry as grown.> Same argument heard in the 1920's, maybe its different this time? -g- <Weeeeelllll, sure. That's like saying if a nuclear bomb hit, you'll be dead. > And it won't matter at that point will it? <Now if you said that hedge funds would be significantly hurt because in aggregate they would not be able to beat on a risk-adjusted basis, I'd pay more attention to your argument. If you said that the cost of leverage was prohibitively high and that hedge funds were prone to blow-up risk in the near future, I'd listen. But you didn't and you can't.> The only way to "beat" is to assume more risk, anyone can hammer out 8 -10% gains per annum but the expectation for 20-30% per annum has pressured your industry to tack on higher levels of risk. Now with the explosion of hedge funds since LTCM and all are using LTCM's "freeware" coupled with human nature of greed and like everything else in this world that there are more incompetent managers then there are competent ones with most pounding the table for blue sky forever a blow up in your face event isn't all that far fetched even when few predicted this correction and most still think its a non event. If it isn't a non event, then what? while the cost of leverage may be low there is a lot of it out there all calling for blue sky. if it gets cloudy it will get unwound very quickly, thats just the way markets work. "I kid you not because of this week alone, my firm's client service team estimates we'll raise $500mm in the next 6 months. So your end of the world thesis will have to wait a little longer." Sounds like a projection, those are subject to change just like company earnings projections -g-