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Times Online – While many lose sleep over each twist and turn of today’s economy, New Jersey collector Ralph DeLuca has found a hedge against the recession in the musty memorabilia of Hollywood’s past.
A former private investment consultant, DeLuca hardly batted an eye when he bought a vintage poster from the 1932 cult movie "Freaks" at auction in March for more than $100,000. The poster had cost $10 in the early 1970s.A few minutes later he outbid competitors for a rare poster of the original "Dracula" from 1931, owned by actor Nicolas Cage, snapping it up for more than $300,000.
Bloomberg – Before I quit my job trading bonds for my former Wall Street employer and set up my first hedge fund, I thought long and hard.
I stared at the ceiling every night, unable to sleep, and asked myself, over and over, many difficult questions. For example: “How sincerely do I want to grow my net worth from $10 million to $100 million?” And: “How much pleasure might be had from the envy of others?”
ABC Action News – “I feel sick to my stomach. I don’t sleep well at night; I am up and down every couple of hours.
Leslie Collier was on the verge of retirement until she discovered a week ago that her $600,000 investment with Scoop Management and the man who handled her money, Art Nadel, are missing.
Since then Collier and her husband Larry say it’s just been one thing after another,
“As time goes on I get madder and madder about it because I was totally ripped off
