f13.net

Caught this on sports talk radio during my lunch hour.  I'd buy this fund.


http://www.usatoday.com/sports/basketball/nba/mavericks/2004-12-01-cuban-hedge-fund_x.htm

God, Mark Cuban is a fucking asshole. I'd love to have stumbled ass backwards into money by selling a dot.bomb company just before all the smart people realized what a scam some of these Internet startups were.

YEAH!  Screw Cuban in his ass!

...anyway,  after the past several years of watching my 401k stagnate in poor producing mutual funds, I would welcome anything new that might come along to give it back some of its bounce.  I thought the idea was interesting, but that there might end up being a conflict of interest.  The article hints around at there being some regulatory problems with a fund like this.

Would people only be able to invest if they lived in Vegas, or another city where gambling is legal?  Kind of a gray area akin to online poker.

I'd imagine that this would be considered an aggressive growth type fund.  I'd switch over the % of my investments that I make in aggressive funds into something like this if it became available.  Of course, I would like to learn more about it.  This article doesn't give too much in the way of details.

I know a couple of guys who more or less make their living playing poker, and if you staked them with a mutual fund's assets, they'd have a good chance of giving you a 200% ROI, which I'm pretty sure would get it a 5-star Morningstar rating.  (Interesting fact.  The players do not get better as the stakes get higher.  They generally get worse).

Mark Cuban is aof'ingk in my book. HDNet and HDNet Movies are kickass channels.

I'd love to be the bookie on this one...