And I am not kidding.
A couple previous example of this type of behavior:
- 2011—Re-post: Peak Oil Stalwart to Shutter Forum/News Site, Persue Career as Astrologer
- 2014—Junior Gold Miners Consider Cashing Out, Pursuing Medicinal Marijuana Opportunities
And weed legalization? Uh huh. Either identify the trend or identify the people who can identify the trend.*
From Bloomberg:
Orlando Montagu, a partner at Crispin Odey’s hedge-fund firm, is leaving to focus on his family’s famous invention, the sandwich.*For what it's worth Bloomberg is reporting this morning that Lego sets are the hot new asset class.
Montagu is a direct descendant of the 4th Earl of Sandwich, who was credited with inventing the snack in the 18th century. He will leave Odey Asset Management at the end of March after more than 16 years at the firm. He’ll work at his family’s mostly U.S.-based business, also known as Earl of Sandwich, which has plans to open in London.“The timing feels right. Crispin is performing well, clients are making money and the Odey team is upbeat,” said Montagu, deputy chairman and part of the executive committee which runs the hedge-fund firm.Years of losses in Odey’s hedge fund have shrunk the firm’s assets, but the money manager is finally staging a comeback as long-held bets on market chaos start to pay off. Odey’s flagship money pool gained 53 percent in 2018 in its first gain in four years....MORE
"Huge and uncorrelated returns"