How to Legally Own Another Person (2015) [pdf]

Re:How to Legally Own Another Person (2015) [pdf] by fellellor on Thursday October 05, 2017 @02:28AM (#15407007)

I guess it depends on how much they lose in each good year, ie it's subjective. This kind of investing is not for someone like myself, who doesn't like spending too much time managing money in the first place but I can see how it might work for someone more involved in the process.

[ Parent | on HN ]

Re:How to Legally Own Another Person (2015) [pdf] by Animats on Thursday October 05, 2017 @02:31AM (#15407017)

What it depends on is whether the people selling way out of the money options are underpricing them due to underestimating the probability of unlikely events.

[ Parent | on HN ]

Re:How to Legally Own Another Person (2015) [pdf] by nwatson on Thursday October 05, 2017 @04:32AM (#15407516)

The hit or miss nature of black swans means you can run out of money and willing investors even when expected return is in your favor.

The only way to fund the famine years is to subsidize with a regular portfolio ... but then you don't run a black swan fund any longer.

[ Parent | on HN ]

Re:How to Legally Own Another Person (2015) [pdf] by nradov on Thursday October 05, 2017 @10:23AM (#15409393)

Investing returns are objective and quantifiable. That's the opposite of subjective.

[ Parent | on HN ]