"Is there hedge fund alpha?"

[randomness]

From http://allaboutalpha.com/blog/2008/12/23/letter-from-8-year-old-reader-is-there-hedge-fund-alpha/:

Before we take a brief break, we wanted to share a letter we recently received from an 8 year old financial savant last week. Apparently 8 year olds have always asked the tough questions (see another famous example).

Dear AllAboutAlpha.com:

I am 8 years old and just lost my allowance in a giant Ponzi scheme. Some of my little friends say there is no hedge fund alpha. Papa says, “If you see it on AllAboutAlpha.com, it’s so.”

Please tell me the truth, is there hedge fund alpha?

- Virginia Jones

Answer at the link.

Merry and Happy, all. :)