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" ... Early sixties, great fortunes were made by tech honchos and later some conglomerateurs, more a 1980s phenomenon. In the sixties, few investors even knew how a hedge fund operated. A pool of $20 million tabbed you as a big operator. Microsoft first went public in the early eighties. Today, there are dozens of $20 billion money pools, some concentrated in Apple, Micron Technology, even General Motors. ... "