Kass: 20 Questions I Ask Myself

This blog post originally appeared on RealMoney Silver on Dec. 5 at 7:45 a.m. EST.

On Hedge Funds

1. What will the hedge fund industry look like two years from now; as capital is re-circulated, who will be the winners and losers?

2. Can the quant funds sustain their successes, or will they, too, in the fullness of time, lose their edge, deliver reduced investment returns or blow up?

3. What large trading entities or hedge funds blew up and were forced to bail out of their commodity positions aggressively this week?

4. In the face of the market's decline and large fund losses, how many frauds will be uncovered in the hedge fund industry in the coming months?

5. What was former SEC commissioner and now activist hedge fund manager Richard Breeden thinking when he acquired a 25% interest in Zale (ZLC Quote)?

6. What other corporate activists with concentrated investment positions have been "Lamperted" and are mow in trouble with their portfolios?

7. In just how much trouble are the largest private equity firms?

8. Is Cerberus in jeopardy; if so, will the government bail them out, too?

On Media

9. How can Fox Business Network survive?

On Autos

10. Do the automobile chief executives really believe that they have properly managed their companies, and do they feel the public has any confidence in their projections?

On Markets

11. What sector will lead the market out of its doldrums when a sustained rally occurs?

12. With hedge fund sitting on their hands with loads of cash, individuals having already redeemed significant amounts from mutual funds and corporate insiders buying (not selling), who is left to sell/panic?