Why You Are Not in Hedge Funds

From Andy Kessler

As heard on TV one morning while shaving:

Morning Show Talking Head: So tell us what drives hedge fund managers?

Hedge Fund Dude: It's just never ending. Thinking about what is going to work next. I have a friend who is worth $150 million who is working some new ideas for a fund.

Talking Head: If I had $150 million, the last thing I would do is start a hedge fund.

Hedge Fund Dude: That's why you don't have $150 million.

Posted on April 25, 2007 and filed under Finance.