# Prof. Robert Whitelaw on Meredith Whitney's hedge fund

1 Faculty News January 12, 2015>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2015-01-12/how-meredith-whitney-s-american-revival-sputtered-in-debut-year.html) -- "[Robert Whitelaw](http://www.stern.nyu.edu/faculty/bio/robert-whitelaw), chairman of the finance department at New York University’s Stern School of Business, said a successful fund needs more than an interesting investment thesis. 'What’s a thesis? A thesis is a story,' he said. 'The first thing is you may have the story wrong, and the second thing is, even if you have the story right, a lot of it is about timing.'"

[Read more](http://www.bloomberg.com/news/2015-01-12/how-meredith-whitney-s-american-revival-sputtered-in-debut-year.html)

Additional coverage appeared on [Bloomberg](http://www.businessweek.com/news/2015-01-12/how-meredith-whitney-s-american-revival-sputtered-in-debut-year) [Businessweek](http://www.businessweek.com/articles/2015-01-15/meredith-whitneys-hedge-fund-falls-11-in-11-months).