Inspired by the recent reports of hedge fund managers making hundreds of millions of dollars a year, in some cases, more than $1 billion, NBC News this week ran a story on these fabulously wealthy people this.

“A little shorthand here,” NBC News Anchor Brian Williams told viewers. “The typical mutual fund buys stocks and bonds and can be relatively low risk. In a hedge fund, on the other hand, almost anything goes investmentwise. It is high risk and potentially very high reward.”

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