Slashdot Mirror
Investing In Lawsuits Beats the Street
guga31bb sends word on the next wave of investment in a slow market: bankrolling others' lawsuits. The practice sounds on the face of it indistinguishable from champerty. "Juris typically invests $500,000 to $3 million in a case, Mr. Desser said. He would not identify the company's backers, but said that 'on the portfolio as a whole, our returns are well in excess of 20 percent per year.' He added, 'We're certainly beating the market.'"
Or at least will require you to beat them off with a stick.
Mod parent troll
Finally some sound business! We'll make derivatives stocks based on the outcome of such lawsuits, you know, people always like to bet. Ok so now I'm just missing a quote system.. oh, hang on, there's bookkeeping in football, we can use that
I have mod-points, but your PoV is so damnably immature, under-developed and ill-considered that I can't find a mod-category strong or chastising enough to express the uselessness of your post.
Not only are you obviously NAL, your dearth of other posts against this story demonstrate that you're probably not even an adult. Your whole commentary smacks of "someone should fix it to make it right, and then someone should enforce it with an absolute mandate."
Grow up. Study law. Study psychology, or sociology, or philosophy. Study anything that will open your eyes to the human condition and how best to cope with it as a society. Just please, understand that having an opinion is not the same as having something to contribute.
Meta will eat itself