A Moment of Sanity

Or so writes Rick Aristotle Munarriz about the decline in the price of CUBA, not the country, the stock symbol for the Herzfeld Caribbean Basin Fund, the value which skyrocketed with the news of castro’s ill health. Investors flocked to the fund thinking it would benefit from the lifting of the embargo and travel restrictions. Well, we all know what didn’t happen, so they’ve apparently lost faith. Read the article on Motley Fool.
But if you don’t, I’ll leave you with this snippet:
I am a Cuban-American living in Miami. I raise my cafecito to the elder politicos in town who dream of a free Cuba. I just never saw the logic in paying an 80% premium for a basket of stocks that I could duplicate at face value.
Cross-posted at NinetyMilesAway