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2 and 25 For a Few ETFs
Written by Jim Wiandt  -  June 19, 2008 11:30 AM
Related ETFs: DON

Maybe it's not kosher to pan the top feature on our own home page, but here goes.

2% a year plus 25% of any profits to hold a portfolio of "3 to 10 ETFs"? Kudos to you, Hermosa Capital Management LLC, you've taken brazen shamelessness to new heights. I mean, I can run that portfolio, no problem. Indeed, a MONKEY could run that portfolio. As a matter of fact, our staff monkey, Bobo, DOES run a portfolio which holds the full 10 ETFs. And he's been on a hell of a roll.

Take a look here to get a feel for how the magic of Bobo works.

I'd like to make a bet right HERE and NOW, Hermosa Capital Management, that Bobo's dart-throwing portfolio of 10 will beat your new hedge fund of ETFs over the next 5 years (I'd make it 10 years à la Warren Buffett, but I don't think you'll make it that long). Indeed the odds are on Bobo's side. He's got a 200 basis point head start right out of that gate. And let me tell you (and you can smirk all you want), that little guy can PICK STOCKS. He's crushed the field the last 2 years running.

The wager? A truckful of bananas (no joke at today's soaring banana prices). So are we on?

 


 

 

 

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