Worst Investor Award

The Economist this week reports a fun contest sponsored by Hedgeable.com: who was America's worst investor during the crisis?

This sounds like a great publicity stunt to me. The winner gets a free trip to Rome (2nd ant 3rd places go to Iceland and Vegas).

The good thing about not having meaningful savings is that I didn't have to worry about decreasing prices! I feel that lots of people were convinced by their investment managers to get into the market with the same reasoning of the picture on the left.

Here is the link with the description of the actual contest:

http://www.hedgeable.com/financialcrisiscontest.php