Where the Money’s At
I've been sitting on the sidelines watching the phenomenon called the stock market, and the more time I spend doing it, the more amazed I become. This particular area of interest came from a particular financial company that I think is unfairly priced at the moment, and have been reading about what's been going on 'on the street'. Reading through some message boards the usual group of crackpots were chanting and forecasting and I found a little tidbit that I just continued to read into.
At first, it was a bunch of people hacking on Jim Cramer calling him the usual pile of names you'd expect. The people decried him for manipulating people, and saying one thing while doing another in order to sock in huge profits. The stories led me through a series of videos about naked short selling, and I noticed a commonality between some of the things I was reading, namely: hedge funds.
I wish someone would have told me about this 10 years ago. Looking at some information we can see that hedge funds make people boat loads of money. The top firms on that list at least doubled their client's money in two years, and the gentlemen behind the wheel made off with millions upon millions of dollars. Not only do I want to invest in a hedge fund, I want to run one.
These guys aren't the little market makers that spin around the bid and the ask price, these guys move the market. Some of the larger funds can buy and sell whole companies, and just the news of what these guys are doing can move stocks by double digit percentages. Who wouldn't want to have that kind of clout?
