Quote from: BitThink on October 02, 2013, 07:01:53 AM

Sorry to be off topic. Deprived, may I ask whether you will plan to create a new fund, or maybe you think there's no good chance to invest at the current stage? Thanks.

No plans at present. It's trivially easy to run a 'profitable' fund - just invest in fixed-rate bonds and deposit the rest in Coinlenders. Of course a fund manager doing that would just be skimming fees off for doing very little (other than adding an extra layer of CP risk). But it would seem to make a profit if looking at results - unless/until one of the 'safe' investments defaulted.

Investment-wise there's a few worthwhile investments around (none of them mining BTC as primary income source) - but not enough for me to want to run an investment fund (I wasn't running one anyway). Trading has always been where the profit is - simply because making a profit investing requires good underlying investments, whilst trading doesn't. When most securities are shockingly bad it's hard to make a profit from relying on the security actually performing well - far easier to rely on stupid market participants of which there's no shortage.