OK, we have all heard of hedge funds, but do we know what they are? They are supposed to be the holy grail of investment success, where the best of the best managers mange money for the super wealthy?

OK, a little take off from my names sake in the investment world, Warren Buffett, but it’s true, I have listed the 10 most important traits which, when you follow these you will have a better, more enjoyable investment experience!

Welcome to the first blog posting for LEXO, the online investment site for intelligent investors. As I write this post, I want to set the stage for you to understand why I have created this business.