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Forbes.com has a slide show of 10 ridiculous investing strategies. Some of the more unusual include trading cards and virtual currency speculation. Whats your favorite?
In Pictures: 10 Bizarre Investment Strategies
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 The Greek debt crisis has been hogging the headlines for over a year. Greek citizens are rioting to protest government spending cuts. By the way pundits talk, you would think that Greece is the lychpin in the global economy. However, few people seem to be asking the question "How big is Greece?" and "How important is it to the global economy?" Below is a table I put together showing Greece's Gross Domestic Product relative to other countries. Key takeaways:
 The Philadelphia Inquirer on the sale of the 76ers:
Comcast-Spectacor is still in serious discussions to sell the team to a group of investors led by New York billionaire Joshua Harris. Comcast-Spectacor owner Ed Snider is expected to sell 90 percent of the Sixers to Harris’ group for an estimated $280 million. The deal, which has many obstacles because of the magnitude of the transaction, is creeping closer toward completion and is expected to be completed in the near future. So who is Joshua Harris, anyway? He a co-founder of Apollo Management, and here is his Forbes List profile. I think that Forbes deserves some recognition for the accuracy of their sport team valuations, as their valuation is very close to the $311 million price tag for this franchise. Also, thanks Terry K. for sending this my way! Morningstar has published articles on how to use my favorite ways of measuring risk-adjusted returns, namely the Treynor Ratio, and the Sortino Ratio.
Morningstar.com:Is this the best way to judge Risk/Return? Morningstar.com:Are your funds returns worth the downside volatility? Secondmarket.com is launching a new magazine Alchemy which will cover "the next generation of alternative investments".
Asset classes discussed in the inaugural issue include: I previously wrote about the trend of hedge fund managers purchasing professional sports teams. Since then David Einhorn of Greenlight Capital has purchased a 1/3 stake in the New York Mets.
The progression of the headlines reminded me of the sale part of the Pittsburgh Steelers to David Tepper. The press had picked Steve Cohen of SAC as a favorite to buy a stake in the Mets, only to have Einhorn surprise everyone. In much the same way, the press had picked up the story of Stanley Druckenmiller of Duquesne Capital to purchase partial ownership of the Steelers. However, Tepper ended up with the ownership. Below is an excerpt from a New York Times article discussing Einhorn's deal, and how he once considered bidding for the Milwaukee Brewers. Einhorn emerged last month as the last suitor standing. He agreed, pending a signed contract, to pay $200 million for a third of the money-losing team, according to people with knowledge of the deal. He will have an option to buy a majority stake in several years. If the Wilpons try to block his attempt to buy control of the team, they must return the $200 million to Einhorn, who can then keep a minority share of the Mets. Einhorn, a Cornell graduate whose trademark is a willingness to take unconventional and contentious public stances, impressed many sports bankers and colleagues with his offer’s creativity. “I’m sure other people are saying, ‘What, I would have done that deal,’ ” said Karen L. Finerman, the hedge fund manager who was a co-founder of Metropolitan Capital Advisors, who is a friend of Einhorn’s. |
This is the personal blog of Emory Redd.
This blog is not investment advice. This is not a solicitation to invest. Don't take candy from strangers. 
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