[lbo-talk] Dem-leaning hedge fund managers

[Jim Devine]

On 8/25/05, jmhayes at j-o-r-d-a-n.com <jmhayes at speakeasy.net> wrote:
> > you'd think that "hedge" funds would hedge their bets better.
> 
> only if you thought that "hedge funds" were properly named :-)

that's the point. The aren't properly named. The Long-Term Capital
Management "hedge" fund should have been called the Short-Term
Speculate and Leverage fund.
-- 
Jim Devine
"Economics is the study of money and why it is good." -- Woody Allen