Sage of Sugar Land

Lessons from the Madoff Scandal: Deciding Which Funds Are Worth an Investment

So many words to convey so little useful information and a lot of misinformation.

Berkshire Hathaway is a Hedge Fund?--does the author have any clue about the company's business model and structure?

Buffett has made a rookie error?--Warren's sale of the long term index puts is nothing more than an insurance policy written with an adequate premium. Buffett has been in the insurance business for over 35 years and there is probably no one else who understands the business better than he does. To a rookie, everyone looks like as rookie.