All U.S. Money Now Invested in Wacky Schemes
Utah investors gave money manager Travis Wright $145 million. He invested that money in outside-of-the box ideas, such as canned sandwiches. Now he's facing a lawsuit. In Travis Wright's defense: he was just doing what it takes, these days.
The NYT reports that people thought Wright would be investing in real estate, but come on: real estate sucks these days. You can hardly blame him for searching for a breakout investment hit, like "Candwiches." Or, you know, "a company selling rose petals printed with greeting card sentiments and another selling watches over the Internet."
You never know what might pop.
If Candwiches are too "out there" for you, perhaps you might join the frenzied crowd rushing to get into the fast-growing pet chicken market? Do you have any idea how much money you can make selling "$25 chicken diapers and $8 saddles, which are protective aprons for the hen," to the likes of Susan Orlean?
A lot.
Regular ol' boring stock investing is dead. You have to take a chance these days. There's no sure things left any more.