2/24/2007

02-24-07 - 3

There's an interesting possibility. Imagine I have something like $100k cash. I want to leverage that in to a $1M or larger instrument. I then want to put that instrument on a 50/50 double or nothing (roulette, baccarat, some financial market). If it hits, I have $2M, I pay off the leverage and I'm good. If it misses, I flee the country and go off the grid, which would be a fun rewarding life in it's own way. I think this is in fact a very appealing idea if I can find the right instrument to make this leveraged bet. (obviously people basically do this with housing all the time, but the turn-around time on that is too long and there are huge fees)

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