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MUST READ!! Back to the Future ??

Old 04-21-2003, 04:01 PM
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if he really had a cure for aids,he wouldn't need to play the market. He could sell the rights and make Bill gates look like an impovrished child
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Old 04-21-2003, 04:13 PM
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I dont think anyone is going to make Bill Gates look like an impoverished child any time soon.

With inflation $800 in the year 2256 would be worth about as much as the lint in your pocket. He must be nuts to go on a trip like that with such little cash.
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Old 04-21-2003, 04:38 PM
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Wacko or not, I'd be willing to let him hold my money!
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Old 04-21-2003, 06:47 PM
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This is probably the guy that does investing for Julie Sullivan

Sorry just had to say that!
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Old 04-21-2003, 06:58 PM
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"The only way he could pull it off is with illegal inside information. He's going to sit in a jail cell on Rikers Island until he agrees to give up his sources."

What ever happend to due process? 5th and 14th amendments?
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Old 04-21-2003, 07:07 PM
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Damn, they can arrest you for making too much money???????? Glad I don't have to worry about that!
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Old 04-21-2003, 07:21 PM
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They should charge him or let him go no strings!! That is bull**** it seem's there is a limit to how much you can make.
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Old 04-21-2003, 07:59 PM
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From a chat board:

The story is either bogus or true, but if he is a real person then he dd not take advantage of insider trading. There is no way that someone could possibly have that much inside information on "breaking news" within a period of 2 weeks. But hypothetically it wouldnt be hard to do... not taking taxes into consideration all you would have to do is make 117 consecutive trades averaging 11.5% per trade and you will have over 350,000,000. Of course after short term capital gains of 39% you are left over with 213,000,000. Then if you stuck that in tax free municipal bonds at 4%, you will have 8.5 million in tax free income a year for the rest of your life without touching the principle.
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Old 04-21-2003, 08:12 PM
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A little less econ...A little more porn!
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Old 04-21-2003, 10:16 PM
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Hmmm, what kind of boat would $350 million buy any way?
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