During the bear markets of the 90’s I belonged to a women’s-only investment club called Cash Cows. We paid a monthly stipend, and spent a happy time drinking champagne and looking for the next ‘sexy share’ to invest in. A sexy share was one that was cheap and had an enormous upside potential; some new concept brought to market. None of our investments were in the top 250. They weren’t even in the top 1000. Luckily, one of them performed well, and helped pay for the champagne. What actually saved our investment cash was our investment in art, which was a brilliant hedge for the slow equity bear market we were experiencing at the time.
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