Lucas: Hedge Fund Movie Investors = Suckers
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David Card | May 31, 2007, 07:37 AM
He may have forgotten how to make movies, but he still knows how to make money off movies:
Film legend George Lucas has seen a lot of people think they can do well by investing in the movie business. The latest are the private-equity firms. “We call them the sucker of the moment,” he said in response to a question during the D conference.
He's so right. Oooh, it gets better:
Mr. Lucas opined that the latest crowd of investors may want to both make money and meet girls. He guaranteed that they will not do the former. As for the latter, there are a lot cheapers ways to do that, he suggested.
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