Originally Posted by
alan_m:
“Are these the same people who invested in the dot.com bubble, facebook or decided that the investments that practically brought down the western world's banking system were a good idea.
I'd rather invest in Tulips 
Get is fast, get out quick and you will make money but if you say that it is already flavour of the month then it's already too late to get in fast.”
Before I start, let me say that (a) I don't work in the City, nor have I ever done and (b) I don't excuse some of the idiotic, near-criminal or indeed actual criminal behaviour which has often taken place in financial markets - as it does in all walks of life.
But your sweeping generalisation is a bit on the facile side. On the whole, financial markets generate considerable national wealth - although obviously not so much in the last few years. Is the global banking system a good thing? On the whole, yes it is.
Of course there have been errors, but for every catastrophe like the dotcom bubble there have been a tthousand good investments which have boosted the national wealth and helped to support our pensions - these people run all our pension funds, folks - and private investments. There are a lot of very intelligent, hard-working and honest people in the City who do a lot to make all our lives a bit better off (and, sadly, a privileged few a lot better off). Condemning them all as stupid is a bit silly, really.
All I've done is to confirm that there is a lot of interest in this sort of thing at the moment. Where there's interest there's investment. Is is a guaranteed success? Of course not - nothing in life is and there is considerable risk attached to any hedge fund, not just this one. But anyone who dismisses Tom's idea as stupid just because they don't understand it, or who sees Ricky's business plan as "a sure thing" - certain, no; safer, yes - needs to appreciate that there is no black and white when it comes to investments, merely shades of grey.