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Actually, that's not what the results are :)

I'd love to put a "option-like amount" (say $100k) into Venezuela, for instance I am sure real estate is going to be attractively priced. However, it's impossible to get access and local guidance, so it's too much of a hassle.

That's a general problem. There are several multi-manager platforms out there that, to my knowledge, never had a losing month in 20 years. Pretty much all are closed to the outside investors. At best, you can have only one out of two, good returns or good capacity. So, because of that, funds...

Pretty much every "real" hedge fund manager has at least 50% of his net worth invested in the fund. Otherwise, you can't get a a penny of institutional money - it's the first question they ask. So if you gonna lose money, a big part of it is gonna be your own. Plenty. Most of the names we hear...

It's gonna exchange, though, so you will own regular equity after the mandatory date (or earlier if an "event" occurs). I'd guess these things are as good as owning equity minus the voting rights, with an adjustment due to call convexity. Still mostly shit at the issue price, obviously. PS...

Perpetual bond aspect is not a problem. It's the callable/mandatory aspect that gets you.

Actually, read it right before the drive back. Interesting product (AKA, a nice way to f*ck your investors)

I just did. These things are about as pleasant as a hot poker up my arse.

Actually, the total toll from the Indian famines is estimated to be 20-30 million. Not that it matters - I was merely making a statement that hunger was a common too of terror at the time. I don't understand how we went from Putin and the French elections to the murderous dictators of the...

I don't know much about Holodomor, but you might want to read up on the Bengali famine a little bit more. It's been generally accepted by the historians as one of the worst genocides, British Empire excepted (predictably). It by no means justifies the atrocities committed by others, Stalin...

Yeah, it's a bit different for my situation (not that I'd ever feel like paying for it). You don't get the same degree of comfort in the NYC because the airports are "in all the right places". I have taken the helo from the Wall Street pad to the JFK, which is a bargain for 150 (vs cab at...

The true American way is to take medication for it, but I've found that whatever I take makes me feel so slow and stupid that I can't tolerate it :)

Right. Do you find that the time savings are worth the premium?

Funny enough, I still worry about money, which is why I decided not to set aside any more. Logically, I understand that all my obligations are paid off (the UES apartment, the "huge tracks of land" upstate) and I have enough to support a comfortable life style as long as I do not continue living...

These things, right: https://www.commbank.com.au/about-us/shareholders/securities/perls-vi.html ?

Hey, man, that's my dream car!

Thank you! I think we might see some form of leakage but the French are probably less sensitive to this sort of stuff imho.

No, I am not :) just a simple portfolio manager

Weaponization of various aspects of economic activity is not a new thing. The US has weaponized financial markets way before Gazprom has become an entities. In fact, I feel that economic wars are preferable to real ones, at least people don't die. Well, even that is only partially true.

At a certain time, hunger was the perferred method of spreading terror. The "civilized" countries like the British have played these games too - for instance, up to 4 million Bengali have died in the 1943 famine, with the total death toll being up to 30 million in India alone. It's...