海角大神

Should the "medium rich" bother with investing in hedge funds?聽 And if they do, should they go through a fund-of-funds so they can have the whole experience along with the returns (like overpaying for burnt coffee at Starbucks, for example)?

Jessica Pressler asks this question in a of a fund-of-funds macher, the article is making waves around the financial web as we speak...

鈥淎ll the risks are in there,鈥� Scaramucci says at Starbucks. 鈥淚t鈥檚 not like we鈥檙e selling it to people off the street. You have to have a million dollars.鈥� He鈥檚 still steamed up about the whole Felix Salmon thing. 鈥淗e was trying to say I鈥檓 a snake-oil salesman, that I鈥檓 sleazy,鈥� he says. 鈥淭hat sucks. I don鈥檛 view myself that way. We鈥檙e creating an experience.鈥� He takes a slurp of his iced coffee. 鈥淭here were scathing articles about Steve Jobs throughout his career,鈥� he remembers. 鈥淎 lot of people didn鈥檛 like Amelia Earhart flying an airplane or Hillary Clinton running for president. I鈥檓 going to have a SALT conference and television show and a book and a movie, and a this and a that, and people are going to be like, 鈥楬ey I want to be an investor in SkyBridge, they鈥檙e going to put me in the know.鈥欌�夆�� He shakes his cup.

Go read the piece when you get a chance, see which side of the debate you fall on...