It would be revolutionary. He and Mr. Weiss, having patented the structure of the macro securities, are trying to rally interest among investment banks that could underwrite them and among brokerages that could sell them to consumers. They would not identify any of the firms with which they have held discussions. In time, they hope to come up with similar instruments that track the earnings power of different professions, from lawyers or doctors to computer programmers. You see this today at the corporate level.
Investment banks create complex derivative contracts for their clients to hedge all kinds of risk.
Over time, I think you'll see that happening at the individual level. Ask questions about Business News , Personal Finance , Investing and more. Get answers and tell other readers what you know, in Abuzz, new from The New York Times.