Comments on: Poll reveals explosive growth in LDI http://allaboutalpha.com/blog/2008/09/01/poll-reveals-explosive-growth-in-ldi/ A finance blog about hedge funds, portable alpha and alternative investing. Thu, 09 Feb 2012 19:03:08 +0000 http://wordpress.org/?v=abc hourly 1 By: peter "the sheriff" yoon http://allaboutalpha.com/blog/2008/09/01/poll-reveals-explosive-growth-in-ldi/comment-page-1/#comment-134072 peter "the sheriff" yoon Mon, 15 Sep 2008 07:52:42 +0000 http://allaboutalpha.com/blog/?p=3265#comment-134072 Sometime around 1959 the investment world surpassed the number of gambling options offered by traditional (legal and illegal) gambling outlets. Hedge funds, derivatives, CDOs, SIVs, etc. offer the informed, if not the simply adventurous investor, numerous opportunities for profit based almost exclusively on, well, gambling as opposed to genuine "investments" as in capital formation that can in turn be used to produce goods and services. Now, isn't it time for the professional gambling world to emulate the "investment" community's creative efforts? Say, why not develop an LDI, for instance, at a blackjack table where gamblers can bet on the gamblers instead of directly gambling themselves. Joe and Shirley have been losing their shirts for two straight hours so why not place on a bet on whether they'll continue losing or begin to win? Mort has been winning at the roulette table for three spins in a row. Won't someone allow us to bet on whether his luck will run out? That's after all how The Street works now, isn't it? Sometime around 1959 the investment world surpassed the number of gambling options offered by traditional (legal and illegal) gambling outlets. Hedge funds, derivatives, CDOs, SIVs, etc. offer the informed, if not the simply adventurous investor, numerous opportunities for profit based almost exclusively on, well, gambling as opposed to genuine “investments” as in capital formation that can in turn be used to produce goods and services.

Now, isn’t it time for the professional gambling world to emulate the “investment” community’s creative efforts? Say, why not develop an LDI, for instance, at a blackjack table where gamblers can bet on the gamblers instead of directly gambling themselves. Joe and Shirley have been losing their shirts for two straight hours so why not place on a bet on whether they’ll continue losing or begin to win? Mort has been winning at the roulette table for three spins in a row. Won’t someone allow us to bet on whether his luck will run out? That’s after all how The Street works now, isn’t it?

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