Sharing Knowledge in Smallcaps

[BullNBear52]

I think hedge funds are basically an insider's game where you have to have a certain net worth to buy into the game and you also have to be prepared to take the loss and write it off.

Those kind of people with that kind of money I doubt go all in and if they get burned it is all still to the good.

Obviously SAC and afterwards is unique. But I think he is not so clean as he pretends to be. He played the game well and managed to insulate himself directly. And when you're worth $12B writing a check for $1B in fines isn't too much of a setback.

Now Ackman on the other hand has taken it to a personal level and that is a tragic flaw. Admitting when you're wrong is something guys like him can't stomach.