Here's an interesting article, it contends that the "truly rich (those with household net worth of more than $25 million) have recently cut back sharply on their hedge investments"

And "In the late stages, (of any investing fad) the investment craze crosses over into the broader consumer culture"

Does this mean that because they are selling loafers at Kenneth Cole called hedge funds, there was a hedge fund villain in the new Bond movie and the possibility of a HBO series based on a hedge fund mean that the whole drama is drawing to a close? I doubt it, maybe the "small" potatoes.

Another warning sign the article points out is that "everybody and their mother is getting into the business. In the late stages of most bubbles, people from outside the hot industry-including many who never showed much interest in business at all-plunge headfirst into the boiling waters." Read more