Thought question: what would you invest in?

[dmaze]

Pretend you're running a mutual fund. You have lots of other people's money to play with. While they'll be sad if they lose it, fundamentally you've told them up front what your investment strategy is. ("I invest only in IPOs and plan to sell everything within 6 months" is legit, even if there's a substantial chance they'll tank; "I buy a controlling share of Microsoft common stock" isn't realistic; "I buy consumer debt" or "I buy houses in expensive urban areas" is; less glamorously, "I buy government bonds" is also a fine answer.)

What do you invest in, and why?

Comments

[tla]

This is basically what hedge funds are all about. I haven't given it much thought, because I work with too many people who have, but shorting certain sectors of the housing market (and going long on others) is something that I can think of off the top of my head.