Showing posts with label Santa Claus. Show all posts
Showing posts with label Santa Claus. Show all posts

Monday, December 20, 2010

Christmas For Me! (1 of 20)

I guess I must've been nice as opposed to naughty because Santa has given me a very large present in the form of this year in the form of Ben Steverman's article/power point presentation over at Bloomberg Businessweek.

Each section details exactly how the wealthy of this country have far more advantages than the rest of us and have set up a system to not only keep it that way but to net them more money and, with it, more power. Since this has been the overall and ongoing argument in comments for the last year or more, I thought it would be cool to showcase his 20 points and see if I can make any sort of headway through the 1,000 feet of rock granite minds that make up some of my regular readers. Let's dive in and take a look at his first point.

Under U.S. law, certain investment products are only available to accredited investors, who must have a household net worth of $1 million or more. A key advantage of many of these so-called "alternative investments" is that, at least in theory, they help diversify a portfolio because they don't move in lockstep with traditional stock and bond investments, and so help balance out returns. Alternative investments include venture capital funds, private equity funds, direct investments in commodities such as timber, and stakes in private companies.

Available only to accredited investors...hmmm...but I thought that the market was free and we all had the same choices as everyone else? Apparently, we don't.

Of course, I'm certain that many of you will look at the first three words and leap into the usual GUBMINT BAD rhetoric but I'm hoping that you are smart enough to operate on the higher levels of Bloom's Taxonomy and figure out why and how this law exists the way that it does.

Here's to hoping!