In the very near future, you may live in a virtual country, follow a virtual religion, study in a virtual college and take a job with a virtual company. Well, you will be paid virtual dollars as well. The interesting part is the virtual dollars can be converted to real world dollars (with a conversion rate).
I am sure many of you have heard of SecondLife but only a few (of my generation) may know what a thriving economy it is. To put yourself in perspective you may want to read about Ginko Financial the virtual bank that got dissolved or the SecondLife Millionaires.
I am no fan of online virtual worlds ( I am scared that I will get sucked in) but the economics of it make it a viable investment strategy, it may not be a bad idea (sometime in the near future) to have a mix of virtual world companies in your portfolio.
For now I am looking for some mortgage securitization experts who can help me create some mortage-backed securities of mortgages in SecondLife that can be sold to some real world investors. Mr. Pandit will you be interested? 
Some of you may find the below video helpful, a quick primer on subprime:
