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I've always thought that there ought to be a way to create an investment fund specializing in East Coast ski resorts, Florida homeowners insurance, and other in
by pjdesno 2y ago
I've always thought that there ought to be a way to create an investment fund specializing in East Coast ski resorts, Florida homeowners insurance, and other investments that are getting hammered by climate change, and advertise it on Fox News as being for investors who "are smart enough to know that climate change is fake" or something like that.
Unfortunately it would probably be illegal, as it seems like a textbook example of pump and dump.
Unrelated, the comments here bring up a good point - ski resorts have been supersized since the 60s, just like grocery stores and fast food portion sizes, so even though the loss of skiing is real, the number of resorts may be a lousy metric for it.
- Gys 2y ago> Unfortunately it would probably be illegal, as it seems like a textbook example of pump and dump. Why? You are not withholding information. In a pump and dump you do (you withhold telling them you want to sell early)