Thursday, December 01, 2005
Lucius Malfoy's investment strategy
Heh:
HP fans, read the whole thing.
When Lucius Malfoy was sent to jail over a year ago, the business world assumed he'd slip into poverty, obscurity and eventual madness. Azkaban prison has a way of destroying its detainees, and few observers figured he would be able to remain solvent.
But instead, Malfoy has prospered. The ivory-haired devil’s fortune increased nearly 30% over the last year. It's a major vindication for the 51-year-old wizard, and an indication that Malfoy's portfolio--and his mission to destroy Harry Potter--still has lots of life left in it....
His stock portfolio has also fared well. Most wizards eschew "Muggle" markets, preferring to invest in Goblin mutual funds or Niffler futures. But Malfoy bucks the trend, holding shares in a variety of companies, including Wal-Mart Stores (nyse: WMT), Microsoft (nasdaq: MSFT) and Halliburton (nyse: HAL). "I am constantly on the alert for opportunities to exploit you filthy Muggles," he told us nearly seven years ago (see: “Malfoy’s Malicious Methods” Forbes, Mar. 21, 1999).
HP fans, read the whole thing.
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