This blog is a random collection of information, partly in support of my quotations web site. Other topics include wine, military news, economics, history, libertarianism, and other random things which happen to strike my fancy. Backup site is at http://quotulatiousness.blogspot.com/ (if there are no posts showing, hit the backup blog for explanation). Comments have been turned off, as the spam was getting too much to handle. Comments can be emailed to me (Quotulatiousness AT gmail DOT com) for posting.

January 26, 2009

Invest wisely

Michael Pinkus offers some sage financial advice in these tough times:

If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00. With Enron, you would have had $16.50 left of the original $1000.00. With WorldCom, you would have had less than $5.00 left. If you had purchased $1000 of Delta Air Lines stock you would have $49.00 left. On the other hand, if you had purchased $1,000.00 worth of wine one year ago, drank all the wine, then turned in the bottles for the LCBO recycling REFUND, you would have had $214.00. Based on the above, the best current investment advice is to drink heavily and recycle.

Amusing, but I suspect that the quality of wine you could buy that would return $214 in bottle deposits would more than counteract any pleasure you might feel in being so economical. (20 cents deposit per bottle, so over a thousand bottles . . . retailing for less than a dollar per bottle! Your liver would never forgive you.) I suspect a decimal place got moved in the original calculation . . . perhaps after a few too many under-a-dollar bottles of wine?

Posted by Nicholas at January 26, 2009 03:04 PM
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