Barton Biggs Talks Hedge Fund Mythology

After 30 years establishing himself as one of the best investment strategists in the world at Morgan Stanley(MS Quote), Barton Biggs left Wall Street to start his own hedge fund, Traxis Partners. Created three years ago, the fund now has more than $1 billion under management.

Biggs recently chronicled the challenges faced by hedge fund managers in a book called Hedgehogging. While writing about superstar managers such as Warren Buffett, George Soros and Julian Robertson, Biggs also reveals his own experiences dealing with the ups and downs of the market.

Biggs took the time to share some of his insights in an interview with TheStreet.com. ...