Can you elaborate?
You also must qualify to even buy a hedge fund. They usually require 200k plus and a personal net worth over 2M.
So they may be dumb investors, but they must also be rich and able to afford the loss.
I personally think that they could do just as well with some high risk investments, but we live in a free market society. We should continue to let rich people make dumb investments. It sure makes a lot of little people richer and some hedge fund managers rich managing these accounts.
FYI..I went to all cash by the close of Friday’s upswing.
Let’s see what happens next.