Whoever did the detective work in the top answer to this article should get into investing, if they aren't already.
Whoever did the detective work in the top answer to this article should get into investing, if they aren't already.
Remember Chernobyl? When news broke that the Soviet nuclear reactor had exploded, Alexander called. Only minutes before, yet Alexander had already bought the equivalent of two supertankers of crude oil. The focus of investor attention was on the New York Stock Exchange, he said. In particular it was on any company involved in nuclear power. The stocks of those companies were plummeting. Never mind that, he said. He had just purchased, on behalf on his clients, oil futures. Instantly in his mind less supply of nuclear power equaled more demand for oil, and he was right. His investors made a large killing.
Minutes later, Alexander called back. “Buy potatoes,” he said. “Gotta hop.” Then he hung up. Of course. A cloud of fallout would threaten European food and water supplies, including the potato crop, placing a premium on uncontaminated American substitutes. Perhaps a few folks other than potato farmers think of the price of potatoes in America minutes after the explosion of a nuclear reactor in Russia, but I have never met them.
I know some person who does this kind of detective work, let's express it this way: as a private, really time-intense hobby. Among others he revealed a complicated case of insolvency fraud and investment fraud involving multiple countries and stooges. The sole reason he started all this detective work was because some customer was not willing to pay him as agreed for a web design job that he did (surely not more than 2000 €) - you cannot make up such a reason and story.
While he has a lot of talent for this kind of detective work, I would never give or lend him any money for the single reason that he simply has not the slightest magic touch for making money.
RIP Christopher Evan Welch