Obviously there are some hedge funds making money and nobody is talking about them.

Even I have had my best year since 2000, so other idiots are faring well too.

There is nothing worse than doing poorly managing other people’s money. It hurts. Because I have alway kept my strategies simple, when I am wrong, I know why…I sucked. My partners know it. I tell them. They tell me.

The hedge funds I am reading about lately, have no clue what they did wrong because they were trading in securities that were brand new. They would be lying if they said they knew. Basically, they were gambling.

Dan Gross has come up with some funny terms for the Hedge Fund Speak .

When it’s all said and done, smaller mutual funds with very clear strategies will be back in vogue. That’s how I would invest other people’s money going forward.