With the equity market the way it is and the fixed-income market the way it is, many [investors] find hedge funds attractive.

The growth of hedge funds is so intense and so big that we have nowadays hedge funds focused on certain industries like this one.

Funds of funds are supposed to have the ability to look at all these funds that are trying to do the same thing and fish out the ones that are doing the best.

The bottom line is really the bottom line [on income statements] in the stock market and earnings just don't look good. The jobs data wasn't terrible but the economy has run into a wall. Basically, there's nothing to churn the market to the upside. And another 800-pound gorilla in the room is Iraq.

[To lower his taxable income, Hitler resorted to many of the perfectly legal tax avoidance strategies that Germans still use extensively today. He tried to write off his new Mercedes in 1925 as a] company car. ... only a means to an end.

The only thing worse than paying income tax is not paying income tax