10/19/06
Today's DR quotes Felix Dennis as saying, "I never met a man who got rich buying hedge funds. I've met several who got rich operating them."
Which sounds an awful lot like Jim Rogers in Hot Commodities saying, "Frankly, in my experience, I've known few people who have gotten rich off technical analysis. (I do know people who've made a lot of money selling technical analysis or books about it.)"
Anyone know which quotation came first? And does this mean hedge funds and technical analysis are equally dubious propositions? (Both are way beyond my ken, so I won't presume to hazard my own answer…)
Dave Gonigam
Treading a fine line between contrarian thinking and conspiracy theory, Dave Gonigam explores the nexus of finance, politics, and the media for Agora Financial's 5 Minute Forecast. He joined kindred spirits at Agora Financial in 2007 after a 20-year career as an Emmy award-winning writer, producer, and manager in local TV newsrooms nationwide.
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