ABC News – Irish-American author J.P. Donleavy, in his wonderful book The Unexpurgated Code, details the difficulties of social climbing in England if you are not to the manor born. People who try to invest in hedge funds will find themselves having conversations similar to those in the book:
You:Hey, what a great hedge fund! Can I invest?
Hedge fund:No.
You:Gee, what a bunch of snobs. I’ve got money, and that’s good enough for me
