I remember reading an Andrew Lo quote back in 2007-8 where he said something along the lines of there at the time being about 9000 hedge funds in operation at l

I remember reading an Andrew Lo quote back in 2007-8 where he said something along the lines of there at the time being about 9000 hedge funds in operation at last count, and for comparison, there were about 7000 Taco Bell franchises. Given that sample size of funds, possible returns, and any distribution you want to fit into it, your odds may be better at a roulette table.