Wednesday, 31 August, 2005

The Maverick Strikes Again

A very interesting and well written article about hedge funds based on betting in Vegas rather than Wall Street

Lets see where this goes

Blog Maverick


" You could also make the argument that when you buy a stock, you own part of a company. Legally it's true. In practice it's not. For non-dividend paying companies, you have nothing but a piece of paper. The only hope you have if that company starts to decline is to find someone who will buy it from you.

A sports or blackjack or poker bet doesn't have value beyond that game or hand. In that respect it's just like the hundreds of millions, if not billions ,of options that are traded, but never converted, on stocks, commodities and other assets around the world every day."