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That engineers without MBAs don't run companies, and that MBAs without engineering expertise do run (engineering intensive) companies is a recent evil that will I hope soon be done away with. But if money is your goal your engineering background will get you in to a fancy business school. As...

Hedge funds do borrow money. Their leverage is not only in futures. The explosion in hedge funds in the last 10 years is largely due to trivial short term interest rates. They invest all your money minus their pay-roll, rent, supercomputing fees, etc.