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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