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Monday, March 17, 2008

Bonfire of the Bullion

SMELLS LIKE HEDGE SPIRIT

And now, a little parody:

Nowadays there are two kinds of people in the financial world - those who want to run a hedge fund, and those who want to invest in one. Dailyreckoning.com.au reports:

Oh, if only we had had this helpful information two years ago. We could have begun a hedge fund based on our Anti-Liquidity Variable Evolutionary Model Portfolio Theory. Which is to say, we could have taken in $1 billion…made a single call to place the money in gold bullion…and then taken a two-year vacation in the tropics.



Of course, two years would have been too little.