Ed Gets Spaced Out

Having managed to extricate myself from my unfortunate investments in AI ‘opportunities’, I am looking around for the next rope-a-dope ploy from the hype-monkeys, Ed confides to his diary.

It wasn’t easy to get rid of them – these weren’t particularly liquid investments and everyone’s selling this stuff – but Greater Fool Theory came to my rescue and I didn’t come too much of a cropper.

So where’s next? The old stalwart NBTs aren’t promising much – fusion looks iffy, quantum computing is yonks away, optical supercomputers are a pipedream, superconductivity is as distant as ever, graphene is not living up to its promise – while my blue-sky speculation money has to go somewhere.

The crunch test is: How gullible are people? Well if J.P Morgan can believe there’s value in crypto, the answer to that is: Very,

So my cunning plan is to set up an asteroid mining fund. It’s just about plausible to an exceedingly gullible guy. Under the 2015 US Commercial Space Launch Competitiveness Act companies have the right to extract minerals from asteroids for profit.

So I have issued a prospectus for selling shares in my asteroid mining fund. The prospectus includes some rocket mumbo jumbo and some optimistic forecasts about the tech and, with Elon alerting everyone to the prospect of living on Mars, the exceptionally soft-headed may be susceptible to the pitch.

Helping, of course, is the massive mineral value of these rocks – Psyche alone is worth $10 quintillion – and Elon already has a rocket on the way there due to arrive in 2029.

My fund purports to sell shares which give the owner the right to a proportion of the value of material mined from a particular asteroid.

Are people daft enough to buy?