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

Re: What's my goal?

[firstfrost.livejournal.com]

- perform ethical recordkeeping

Does this mean "they don't embezzle" or is there some sort of proactive ethics one does with recordkeeping? (Affirmative action for all those 8s and 9s that are discriminated against in today's numbers!)

Re: What's my goal?

[chenoameg.livejournal.com]

It means I wasn't very articulate yesterday. Ethical accounting would have been better, some other description would be better still.

I was thinking:

- doesn't embezzle
- doesn't create paper cooperations to hide losses or invent gains
- didn't do that sort of thing before the new federal legislation (Sarbane/Oxley except I don't know how the names are spelled) that the legistlation outlaws.