Ron Insana, who you may remember use to be a talking head @ CNBC started a hedge
fund a couple of years ago. It recently went Ch. 11... Insana seem to be very
knowledgeable and business savy. Just shows what can happen... Story link
follows.
http://dealbook.blogs.nytimes.com/2008/08/19/running-a-hedge-fund-is-harder-than
-it-looks-on-tv/?scp=1&sq=insana&st=cse
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Many more hedge funds to follow the same route as liquidity dries up.
Ron is probably a very very nice guy and I have read one of the books he
wrote...but bottomline, I would have expected it...he was always on the
wrongside of the call when I would listen to him...sorry Ron.
there is a difference between knowing the path, and walking the path.
if economists were traders the market wouldnt work on fear, and things would
always respond to news the way they were "supposed to"
i could go on and on, but thats my view on it.
seemed like a bright enough guy, I give him credit for taking the leap. anybody
know how many hedge funds don't make it? probably a bunch.. especially in this
market.. I guess having a familiar face ain't enough.
OOooopsss! Now you need a Jerry Boyer hedger fund...lol
OOooopsss! Now you need a Jerry Bower hedger fund...lol
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