...as hedge funds go from bad to worse. You may have heard of hedge funds but not be entirely sure how they work. In a nutshell a hedge fund is an investment fund that uses complex strategies, is open only to high net worth individuals, has less regulatory oversight than other types of funds, and charges much higher fees. Normally the word “hedge” means to take precautions to lower risk. This was the case when these funds were first developed in the late 1940s to early [...]

In 1972 the Miami Dolphins had a remarkable run of success. Led by coach Don Shula the team won all 14 of their regular season games and all 3 of their NFL playoff games, including Super Bowl VII. The “Perfect Season” is a feat that's never been repeated, though the New England Patriots came close in 2007. But let's say that a hypothetical friend of yours becomes an NFL coach and one day confides in you that he has a foolproof plan for going undefeated and [...]