Wednesday, May 27, 2009

The Hedge Fund Fool of Randomness Hypothesis

...The Hedge Fund Fool of Randomness Hypothesis

"The hedge fund managers, with a track record of less than 10 years, who receive the greatest amount of press coverage when the SP500 and the Dow Jones reach all time highs, are fools of randomness: they will blow-up spectacularly, or experience the greatest declines in AUM in a secular bear market."

~ Craig Chirinda