Index Investor or Hedge Fund Investor...Who is Smarter ?

Seems a better simpler strategy is available tot the little guy is better than the complicated one available to big hitter "qualified investors" and their genius managers

Two headlines recently at the WSJ

Are Index-Fund Investors Smarter?

Hedge Funds: Don’t Call Us a Hedge Fund:

One of the keys to running a hedge fund is learning how to say you don’t.

Grappling with years of uneven performance, image problems and deep-pocketed clients who have publicly distanced themselves from the industry, hedge-fund managers are taking pains to avoid the moniker.