"Up A Spanking 62.4%"

That's how Alan Abelson described one of his sources in Barrons this week after admitting the fellow was down 35% in the prior year. Now deducting 35% from 100%, then increasing the remaining 65% by 62.4% results in 105.56%. Thus over a two year span, that worthy earned an astounding 2.28% a year.

Ming can hardly wait to pillage his piggy bank giving that clod funds to invest. Sometimes meatball mathematics should be examined with a jaundiced eye to see just how badly investment gurus do. At least that fellow stayed around to recoup his losses. Most hedge fund honchos close up shop only to open new funds so as to not have to get back to zero before collecting their 20% fees on net gains taxable at capital gains rates rather than ordinary income rates which such fees are, all such treatment courtesy of their lobbyists' efforts in Washington.