<[EMAIL PROTECTED]> wrote:
>
> --- In FairfieldLife@yahoogroups.com, Rick Archer
> <fairfieldlife@> wrote:
> >
> > on 6/2/06 6:29 PM, wayback71 at wayback71@ wrote:
> >
> > > Additional clarification: all this about the loss of the money
> and the yagyas
> > > was waht I was
> > > told when I asked where all the money had gone. This teacher
> was telling me
> > > what they
> > > had heard from international about the pundiit project and
> money. But I
> > > agree, it is more
> > > likely that the money was "lost" to graft and relatives rather
> than the stock
> > > market. Of
> > > course, the yagya story is all baloney, since the TMO would
not
> pay millions
> > > in advance to
> > > jyotishi to do ygayas for the next 40 years for people.
> >
> > Even if it were lost in the stock market, there's something
really
> flaky
> > about that. I know next to nothing about managing large sums of
> money, but
> > I'll bet that the first rule of endowment managers is that you
> invest the
> > bulk of it very conservatively, and only do something
speculative,
> if at
> > all, with the tip of the pyramid.
> >
>
> Generally speaking, yes.
>
> But it depends on the type of fund: agreesive, fixed, variable,
> conservative, etc.
>
(I hit "send" before I wanted to add the following): and most
importantly no matter the fund and the degree of agressive or
conservative investing it is next to impossible to lose A HUNDRED
PERCENT of an investment fund. Indeed, today even Enron stock still
has a marginal value left to it!
So for the entire $500,000 to disappear must necessarily mean that
there were shenanigans involved...especially if there hasn't been an
official accounting of it.
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