A Remark About Investment Fads

From a WSJ article about how investment managers are trying to imitate Yale's alternative-investment strategy, which began in 1990:

"The first person to the buffet table gets the lobster. The people who come a little later get the hamburger. And the ones who come at the end get whatever happens to be stuck to the tablecloth."

Related--a quote attributed to Amarillo Slim:

"Look around the table. If you don't see a sucker, get up, because you're the sucker."