Colin has kept a low profile despite being a former AFL club board member and, according to a 2015 biography of Eddie McGuire, the television star's best friend.

The point is that in today s go go ultra high liquidity environment, Eddie was probably successful in raising money with similar techniques. Of course, roughly 1,000 of the world s 9,000 hedge funds went out of business last year.

An Eddie in Los Angeles sent me an email asking if I wanted to serve on the advisory board to his new hedge fund. Eddie s accompanying flattery aside, I would normally trash such a letter, figuring it was a fraud or scam of some kind.