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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Leverage in the System

Canada's Standing Senate Committee on Banking, Trade and Commerce had a meeting about hedge funds this week. Eric Sprott provided the senators with his insights on the hedge fund world.



We have another $120 trillion in derivatives to put on the books and I wonder what we have left to derive. We have everything derived a couple of times over so I do not know why it keeps growing. You have to think that the risk must be increasing with that growth



It is always a good idea to listen to what Eric Sprott has to say. His funds have earned amazing returns by investing in "stuff" stocks.



Download SenateCommitteeSprott.pdf