Traders joking, the beginning - page 258

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Kevin Trudeau, the king of infomercials, has been sent to jail for fraud. The judge sentenced him to 10 years. But then he said, "Wait, there's more," and added another five years.

 

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In his effort to try to stop Obamacare, Texas Senator Ted Cruz spoke for 21 hours and 19 minutes nonstop. That's impressive, but still eight hours short of the record held when somebody asked Joe Biden, "Hey, what's new?"

 

President Obama is at the U.N. He briefed all the other world leaders on the Kardashian marriages.

 

Not a joke :

In 2008, Warren Buffett famously placed a million-dollar bet with the heads of a New York hedge fund called Protégé Partners that the S&P 500 index fund – a neutral bet on the entire stock market, in other words – would outperform a portfolio of five hedge funds hand-picked by the geniuses at Protégé.

Five years later, Buffett's zero-effort, pin-the-tail-on-the-stock-market portfolio is up 8.69 percent total. Protégé's numbers are comical in comparison; all those superminds came up with a 0.13 percent increase over five long years, meaning Buffett is beating the hedgies by nearly nine points without lifting a finger.

 

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In Russia a group of parents have asked Vladimir Putin to cancel an Elton John concert because they say it promotes a homosexual lifestyle. They say they don't want to see gay people on stage. They're going to replace it with a performance by the Bolshoi Ballet.

 

In the end after 21 hours of railing against Obamacare, Cruz ended up voting the same way as all other senators. His speech didn't accomplish anything. But it was a big event for C-Span — so big that they're planning to run it again as a special over the weekend.

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