gorilla777
04-30-2012, 03:49 PM
I had this email forwarded to me from one of the equity analysts in my firm; I thought that it should help my case that I have been touting for us to add Game Used items as a viable component within our Alternative Asset Class mix in portfolios. I'm not sure they thought it was funny when I recommended interviewing Wells for a position. ;)
He would probably liven up the holiday party though....
Ben
Subject: David Wells for PM of the decade
Maybe David Wells got the whole thing right. Who would have guessed the pitcher would outperform a majority of fund managers!
The former Yankee pitcher bought a Babe Ruth ball cap 15 years ago for $35,000 The hat is now estimated to be worth $400k (that’s an 11 fold return or nearly 17.8% return every year!!)
For a point of reference the move in the S&P over the last 15 yearsis 3.8% annually
Maybe this is why alternative investment managers have been so hot…
He would probably liven up the holiday party though....
Ben
Subject: David Wells for PM of the decade
Maybe David Wells got the whole thing right. Who would have guessed the pitcher would outperform a majority of fund managers!
The former Yankee pitcher bought a Babe Ruth ball cap 15 years ago for $35,000 The hat is now estimated to be worth $400k (that’s an 11 fold return or nearly 17.8% return every year!!)
For a point of reference the move in the S&P over the last 15 yearsis 3.8% annually
Maybe this is why alternative investment managers have been so hot…