What is the difference between an investment trust and a gamble? ITs were an issue confronted by the dragons on Dragons' Den two weeks ago.
You might have seen the programme. They had a proposition to fund a poker player. As it happens the player, JJ Hazan, is a neighbour of mine so I knew what was coming. JJ (real name Jeraint) is a good poker player. He is the only person around my way who has paid off his mortgage. He has a very nice house in Sweden off the back of his playing and funded six months travelling around the world. To put it into crude terms, since November 2006 he has made a profit of $586,000 from playing tournament poker. JJ’s pitch was simple – invest £65,000, which he will use as stake money to play...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
