"History is a wonderful thing, if only it was true"
-Tolstoy

Wednesday, August 08, 2007

hedge - Definitions from Dictionary.com (more)

Further thought about those imploding "hedge funds"

Maybe the "hedges" were in the fine print in the prospectus.

"to protect with qualifications that allow for unstated contingencies or for withdrawal from commitment: He hedged his program against attack and then presented it to the board."

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