A hedge fund for drug dealers?

https://news.ycombinator.com/item?id=7090889

by shawnk • 13 years ago

2 6 13 years ago

news.ycombinator.com

I am thinking of starting a hedge fund for all the drug money drug dealers make. I noticed that they make so much money but do not know what to do with it, so they buy a ton of clothes and sneakers. If i helped them make a million dollars each they would'nt sell drugs because they actually hate it and it is not fun. Thus eliminating the violence.

cjbenedikt• 13 years ago

better have good returns, though...;-)

shawnk3• 13 years ago

Haha, or die trying!

eip• 13 years ago

I think HSBC already beat you to it. Probably all the other big banks too.

shawnk3• 13 years ago

You're absolutely right, but there is still room for someone.

somethingcoolio• 13 years ago

What eip said, +1.

Side note, you know a few drug dealers who make a lot of money? I would think that's something that they wouldn't want advertised...

Also what proof do you have that if you made a drug dealer a million bucks that it would eliminate violence? It would likely result in the opposite as they have more resources, I mean depending on who you ask the drug cartels make 35-100BILLION a year.

shawnk3• 13 years ago

Yes the cartels do make huge sums of $$$$, but the street level guys aren't making millions/billions and hate dealing drugs. There are a ton of guys who sell drugs because they can't get jobs and feed themselves, so they turn to the street as a last resort, but when they start making some descent money they want to invest but don't know how. As far as eliminating the violence, if you look at the rap artist who were given huge record deals and a new way of thinking that have all turned they're lives around and are advocates against selling drugs... Nobody wins in the drug game.

A hedge fund for drug dealers?

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