Thursday, March 01, 2007

Market leadership

When Mirror journalists ramped shares they'd recently bought, and then sold them after they rose in response they ended up in jail. The 'City Slickers' affair nearly destroyed Piers Morgan's career many years before his Iraq pictures.

How handy then that the rise of new markets offer less risky ways for commentators to make money from their words. Guido Fawkes - widely read and closely followed by the political elite - recommended a bet on the Labour leadership market, then piled out shortly thereafter which you can do with spread betting. As he put it: "Even easier than investing in private equity..."

And an even better tax regime than private equity.

No comments: