<p>He poses the question:</p>
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<p>Do YOU know what a hedge fund is? What makes hedging so risky, particularly in this market? Risky for all fund strategies? What about in the case of distressed debt/special situations? I think hedge funds aren’t risky at all if you know the markets (which, obviously, you don’t). Anybody with half a brain could see the subprime mess coming from miles away. HFs with good market acumen are making billions by shorting the ABX index. And, to take a quote from your book, “ever heard of Paulson&Co?”</p>
<p>My problem with little boys/girls like you is that you talk like you know everything about finance – “here’s the scoop.” What scoop? You said HFs are hard to break into? What’s next captain obvious? Oxygen is good for the body? </p>
<p>Go through puberty first and let the big boys play.</p>