What are fund managers talking about?

Hedge fund industry is having their meeting to discuss recovery road map. Besides fanfare meeting venue and spotlight news, what are they talking about?

Being hedge fund managers and their families can be very embarrassing. One story is a daughter of a manager, who often travel on their own jet, asked her dad to let her try one time in commercial flight on her birthday. She felt very lost as everyone in her class had been to an airport and stand in the security checkpoint. But she didn't have that experience at all.

Conversations between managers may be tricky too. Managers are supposed to share favorite stock or concepts and reasons. These group meetings have lots of kibitzing because of ego. Managers may or may not get ideas. Longs and shorts are indicators on market sentiments.

If a manager is really recommending a position he has been in, it may be exaggerated. That is normal. No one wants to hear that his kid is not a beauty. However, if a foul will be called when one lies to others and profit from the lie. He may be kicked out of the community forever. It is dishonest and cheating.