Best piece about the financial crisis I’ve read yet
Bruce MacKenzie from The Flatlander (Davis Community Newspaper) wrote* the best piece of investment advice I’ve read. Since I’m guessing this paper doesn’t get a lot of circulation - I can’t even find a legitimate website for this newspaper - I’m reproducing it verbatim for you here. Good work, Bruce - fair play to ya!
A No-Fail Investment Plan
ONE YEAR AGO……
- If you had purchased $1,000 of shares in Delta Airlines one year ago, you would have $49.00 today.
- If you had purchased $1,000 of shares in AIG one year ago, you would have $33.00 today.
- If you had purchased $1,000 of shares at Lehman Brothers one year ago, you would have $0.00 today.
- But, if you had purchased $1,000 worth of beer one year ago, drank all the beer, then turned in the aluminum cans for a recycling refund, you would have received a $214.00.
- Based on the above, the best current investment plan is to drink heavily & recycle. It is called the 401-Keg.
I love it. And considering my investments from a year ago (Google, Ford, Goldman Sachs…ugh), I would have done better to have invested in the 401-Keg. Also, if I were to go the can-recycle route, I’d choose Oskar Blues or 21 Amendment. Other suggestions?
*Update: Bruce, you made me feel a fool! Turns out Mr. MacKenzie was only taking credit for “finding” the apparently ubiquitous internet “401-Keg” joke; not being in an office job at the moment I’m a little out of loop with these things. In other news, I have heard great things about this company called “Apple” that makes a very cool phone called the “iPhone”; I’ve also discovered that peanut butter goes surprisingly well with jelly.






i <3 Beer
i can’t believe it’s taken me this long to look at this blog, you’re a true nut and that’s why i love you you and yes, of course i saw the 401-keg bit.
Comment by Kara — January 14, 2009 @ 8:27 am