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Reality Radio for a really great future.'re talking real money by my rough calculation and

it's rough i admit it's rough it's just kind of rounding by my calculation there are three

types of people in the financial world or to the financial world. There are three types of people. There are

those of you they know will never invest ever. You don't have the money. You won't ever have it.

There are the average investors. That's most of us. That's us. And then there are the special.

The very special people. The people who have access to all manner of

private investments. And for many, many decades now, they have been the people who flock to these

things called hedge funds, which are very actively managed, rapid fire managed, they're supposed

to give you the best of both worlds, they're supposed to give you great investments that make

you tons of money and protect you on the downside. And for that extraordinary return, even

special people have been asked to pay typically 2% of the money they invest and 20% of the profits that the firm generates.

Now, in some cases, like Stephen Cohen not too terribly long ago, they cranked that up to 3% and 30% of the profits, but people were willing to pay it because they were

getting special investments. Well, how special did they turn out to be? Not that special. And I love

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