JAMES M. CLASH covers mutual funds and adventure travel for Forbes magazine. His 1998 story on the high risks and expenses of hedge funds anticipated the collapse of Long-Term Capital Management by six months. An avid adventurer and Fellow at the Explorers Club, Clash has climbed the Matterhorn, flown to the edge of space in a Russian MiG fighter jet, driven open-wheel Indy cars at 200 m.p.h., and climbed virgin mountains in Antarctica. He has interviewed such celebrated adventurers as Sir Edmund Hillary, Buzz Aldrin, Sir Roger Bannister, Rick Mears, and Dr. Edward Teller.