Sharing Knowledge in Smallcaps

[bar1080]

"I have never been able to figure out hedge funds. Perhaps because I'm unworthy. But only a few select really seem to make serious money."

They've had a dismal 7 years. They've famously lagged dumb-dumb S&P 500 index funds while they continued charging their usurious 20/2 compensation formula. Nine months ago the giant California State retirement system (Calpers) announced that it was cutting way back on using hedge funds:
http://www.nytimes.com/2015/06/09/business/dealbook/calpers-to-cut-ties-with-many-fund-managers-to-save-on-fees.html?_r=0

Warren Buffett has been an outspoken foe of high priced hedge funds.
http://www.npr.org/2016/03/10/469897691/armed-with-an-index-fund-warren-buffett-is-on-track-to-win-hedge-fund-bet

OTOH, hedge funds argue that they've lagged because they're structured to perform best in weak stock markets. I've never been tempted to invest in a hedge fund. Quite a few have closed in recent years.