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To: maverick61 who wrote (39065)	9/2/2010 1:49:06 AM
From: Spekulatius	Respond to of 78744

maverick61 -you are right, making money is productive. However I see the hedge fund business as a whole as a zero sum game - the outperformance of some hedge funds needs to be counteracted by the underperformance of others (or potentially the general public). That is nothing new and is the same with mutual funds. The difference between hedge funds and mutual funds are the much higher fees but they only make the hedge fund managers rich not their clients (as and aggregate). The fact that Mike Burry, who started this thread, was a hedge fund manager for a while (he isn't any more) does not matter.