Imagine you ran a business in an industry that is mildly competitive but not overly so. Your balance sheet is stretched, your debt service is stretched and your bond spreads have widened.

How Not To Invest In Hedge Funds: We all know what to look out for when contemplating a hedge fund investment. Independent administrators and independent valuation of assets and calculation of fund NAV. Independent prime broker, reputable auditors and legal counsel. Independent board of directors consisting of seasoned industry professionals Rigorous processes, documented and inculcated

Imagine you ran a business in an industry that is mildly competitive but not overly so. Your balance sheet is stretched, your debt service is stretched and your bond spreads have widened. Let’s assume that you are solvent and likely to remain a going concern. Also, capital markets are open to you so that default

Capitalism is bad at fiscal policy. Capitalism is also bad at monetary policy but that’s less apparent. You cannot hear a loud hum but you can hear a small bang.

Investing is not for the faint of heart. Neither is it for the psychotic risk taker. Investing requires balance, rationality and a good deal of detached and independent thinking. So don’t listen to me. Figure it out for yourselves. Here are a few common declarations by investors and a few (loaded) questions they should ask.