Wednesday, November 14, 2007

From the "shouldn't be surprising" department

Porsche makes more money from options trading than from cars. That's not a car-making company, that's a hedge fund with a funny portfolio.

I don't mean it in any demeaning sense; a financial engineering department is as necessary nowadays as an IT department (and for interestingly similar reasons). Of course, the fact that they are doing it doesn't imply that they are doing it right.

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