Sweet, Sweet Schadenfreude
| What happens when people who categorically deny the existence of significant global events begin to invest in the stock market? a. They make a shit ton of money. The wingnuts, they got each other's back! b. They are awarded an honorary seat in the US House of Representatives. c. Austria puts them in jail and tosses the key. d. People ignore them because of the sheer insignificance of their ideas. While (c) is technically correct, the answer that is most correct (yeah, like the SATs) here is (d). As much as I would love to eloquently describe the current project of that masterpiece of human existence Steven Milloy, he does a far better job himself (emphasis mine, obvs): I helped launch the Free Enterprise Action Fund (www.FreeEnterpriseActionFund.com), a pioneering mutual fund designed to accomplish two goals for investors:That's right. This guy is out there working to put and end to commie lovin', gay marryin' policies like <gasp> energy efficiency. Really, nothing says capitalism like wastin' stuff. So this message was sent around by Steven in an effort to generate more interest in his little project. Why? Turns out investment has been, shall we say, less than stellar. How exactly has he been faring on his two lofty goals? Notorious pinko rag The Chicago Tribune filed it under 'Stupid Investment of the Week.' ... Strip away the rhetoric, and you're getting a very expensive, underperforming index fund..." that "...makes stock market returns unrealistic."And the Financial Times, which I heard Reagan wouldn't even wrap his fish with, said: Goldman Sachs investors yesterday overwhelmingly voted down a unique shareholder proposal that claimed the Wall Street bank was misusing shareholder resources by pursuing an potentially expensive pro-environmental agenda.Don't you just love when the free-market works? Hat tip: Deltoid at Scienceblogs.com |
