Mar

25

 I was recently alerted to the bull market in dried seahorses. A value-oriented friend on vacation in Hong Kong told me merchants in traditional Chinese medicines have found their inventory of dried seahorses enjoyed rates of return in the teens.Since this is not exactly a market with a well-reported price time series, a bit of Googling shows:

Ten years ago, the kilo-price for dried Sea horse in Hong Kong ranged between 250 U.S. dollars for "inferior" small, brown species and 850 U.S. dollars for large, bleached species.

Punching the numbers into my 17B, I get 10.94% return over 10 years.


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