The Motley Fool - Hedge fund legend Michael Steinhardt was on CNBC yesterday. As usual, he had much to say and held little back. One of my favorite observations: When he started in 1967, "you had to be a special money manager to run a hedge fund because you were expected to do well. It's a very different world today." So true.
Source: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/fool/20110406/bs_fool_fool/rx119552
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