History repeats itself

What a GREAT article. It is by Carole Loomis in Fortune, but comes to us via AllAboutAlpha.comFeatured Post Today's Post » Hedge fund industry enters time-warp in January 1970, pops out virtually unchanged in 2008:A few look-ins:"...the similarities between the hedge fund world of 1970 and that of 2008 and truly amazing - almost eerie in fact. Even the 39 year old Warren Buffett makes a cameo