Re: The 2+2 Hedge Fund
Jeff Yass and Victor Resnick are two examples of poker players who are favored to do better investing than Warren Buffet. I am sure there are non poker players who are favored over him as well. There is no question in my mind that someone like Howard Lederer, Tom Weideman, or myself could beat 90% of mutual fund managers not so much because of our poker skills but simply because we ar smarter than them, without being ivory tower academics. I am not sure whether you disagree with that or not. I don't argue your point that the very best money managers would outperform Phil Ivey. I do however quarrel with those who think they wouldn't have the best of it if they gave their money to a two plus two run fund if myself and others here decided to do such a thing.
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