What you are saying is true, but it's a little bit superficial. There are many successful long/short funds and even a few short only funds. The risks are largel

What you are saying is true, but it's a little bit superficial. There are many successful long/short funds and even a few short only funds. The risks are largely manageable risks. The upside to starting a hedge fund is astronomical. And if what they claim they can do they can in fact do, the best business model seems to be start a hedge fund and manage the risks doesn't it?