Writing for TheStreet.com on Friday, Doug Kass succinctly summarized just how bad the current economic environment is — even for those who have heretofore been thought to be the "best and brightest" of the investment world: "[T]he U.S. “economic Pearl Harbor” has humanized and brought down to earth many of the smartest investors in the world (e.g., Warren Buffett), as well as the entire private equity universe, many well-regarded hedge funds and investors (e.g., Marty Whitman and Bill Miller), and some masters of the universe in residential and nonresidential real estate, among others. Many industrialists, including Aubrey Kerr McClendon, Kerkor … Continue reading Really Hedging Your Portfolio