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Monday February 16, 2009

Financial Advice - Drink Heavily

I was using an old post of mine this morning, to remind myself of how I'd rated my book collection, and to rerun the script now 9 months have past and I've a slew of new unread books.

One of the comments there is from Tyler and while I was waiting for the book rating script to finish, I wandered over to his blog. There was a very interesting perspective from November last year, on the current economic crisis and a great quote from his father:

"If you had purchased $1000 of Delta Air Lines stock one year ago, you would have $49 left. With Fannie Mae, you'd have $2.50 left of the original $1000. With AIG, you'd have less than $15 left. But if you had purchased $1000 worth of beer one year ago, drunk all the beer, then turned in the cans for the recycling refund, you'd have $214 cash. Based on the above, the best current investment advice is to drink heavily. It reduces anxiety too. Even better to buy in a state without a deposit and then return them into a state with a deposit refund."

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