• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

The Top 25 "Greatest Fools" In The World

Tyler Durden's picture


And by 'greatest fools' we mean sovereign wealth funds that stand ready to soak up any and every heavily-marketed pitch that comes their way...



Just one word of caution... if the US is looking to pressure oil prices in order to squeeze Russia, perhaps a glance at just where all this sovereign wealth fund 'wealth' comes from will change their mind...


Source: Deutsche Bank

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Tue, 04/01/2014 - 19:46 | 4615492 ZerOhead
ZerOhead's picture

Only $675 billion in the Saudi wealth fund when they sell almost a billion in oil a day?

Where did the rest go? Oh... right...

Tue, 04/01/2014 - 19:46 | 4615500 toys for tits
toys for tits's picture

We're not here to pick winners.


No Shit.

Tue, 04/01/2014 - 20:28 | 4615614 Fred123
Fred123's picture

A large portion went/is going to educate their population. In other words, a complete waste of money.

Tue, 04/01/2014 - 19:45 | 4615495 I Write Code
I Write Code's picture

Are you sure?  I expected numbers about 2x these.

Tue, 04/01/2014 - 19:50 | 4615516 FieldingMellish
FieldingMellish's picture

This is whats left. Everything else is in numbered accounts... somewhere.

Tue, 04/01/2014 - 19:53 | 4615520 LawsofPhysics
LawsofPhysics's picture

A question to ponder; how many "funds" or "banks" or "wealth managers" have their own private armies. I know of at least three if you count The Fed.

After thinking about that please define what you mean by "fool"...

Wed, 04/02/2014 - 02:54 | 4616335 0z
0z's picture

It's a Private Army if it was funded with their own money.

In this case, the money isn't theirs, and never was theirs, so we call it a 'Public' Army, or 'Social' Army.

The private army is legitimate, while the public one is not, since it is funded with stolen capital.

Tue, 04/01/2014 - 19:59 | 4615525 kaiserhoff
kaiserhoff's picture

Frontrunning April, 1

Barry Soetaro called a news conference this afternoon, and announced that HE IS HERE,  HE IS QUEER, and the honkies should get over it.

Moochelle announced that in solidarity with feminist perspectives, she will no longer shave her back, or her chin, setting off an immediate fashion slave stampede toward Amish beards in East St. Louis and Gary, Indiana.

Hedgeless Horseman announced that he has purchased ZH for one gold maple leaf, and a jack ass to be named later.  No confirmation, but the betting is on Krugman.

Kaiserhoff has traded his farm and best dog, for a roach infested closet in Harlem, where he hopes to open a successful crack cocaine, and booty rental service, and dabble in high frequency trading on the weekends.

Poisson d'avril, Bitches.  Vive La France

(in honor of the election)


Tue, 04/01/2014 - 22:09 | 4615902 bardot63
bardot63's picture

You had my upvote at the 2nd paragraph.

Tue, 04/01/2014 - 20:09 | 4615559 SAT 800
SAT 800's picture

Very disappointed to see that CALPERS did not make the list. It definetely belongs on there.

Tue, 04/01/2014 - 20:21 | 4615585 TradingTroll
TradingTroll's picture

Only after California secedes. But it isnt sovereign.


Then Calsters can go on the list too. If you add Calpers you need to add UTIMCO, Harvard Investment Management, Princeton, Stanford, Copera, etc etc.

Tue, 04/01/2014 - 20:21 | 4615584 Tortuga
Tortuga's picture


I'm sure glad you cleared that up in the first sentence.

Reading the headline I thought, "how did they find out and why would they care about my still being in the stock market"

Tue, 04/01/2014 - 20:27 | 4615605 kaiserhoff
kaiserhoff's picture

Be assured, kind Sir, that there is serious competition for those top 25 slots.

There, but for the grace of God...

Tue, 04/01/2014 - 23:23 | 4616064 Spungo
Spungo's picture

Don't some of these countries have large national debts? That means they're investing the country's borrowed money. What could possibly go wrong?

Tue, 04/01/2014 - 23:44 | 4616112 mumbo_jumbo
mumbo_jumbo's picture

"if the US is looking to pressure oil prices"


looks like the price of oil is already under pressure and not from it's use but it's speculation

Wed, 04/02/2014 - 02:44 | 4616325 assistedliving
assistedliving's picture

estimating a nations (SA) income on spot crude prices is ignorant.

regardless, paying off the mullahs, wahabi's and mutaw'aa's aint cheap

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