July 11, 2006

Hedging our emotional investments in World Cups

Sir, Dave Shellock, July 11, reports that Italy’s victory in the World Cup final gave a boost to the shares of Juventus, the Turin club that aligned several players in the team that beat France. A bit late though since had we only known about it earlier, many of us could have used this possibility to hedge our emotional investments in our respective favorite teams. Let us not worry though, by next World Cup, the market should have created some derivatives against the risks of defeat.