I got another funny joke from my friend Pete Slosberg which I thought I’d share. I think I’d run across a joke similar to it years ago but this one has been updated in light recent examples of corporate malfeasance. Perhaps I can get Pete to do a joke of the week every week. C’mon, Pete, what do you say?
Joke of the Week #1: Investment Advice
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 $1,000.00.
With WorldCom, you would have had less than $5.00 left.
With Lucent, you would have $3.50 left of the original $1000.00
But, if you had purchased $1,000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling REFUND you would have had $214.00.
Based on the above, the best current investment advice is to drink heartily and recycle.
It’s called the 401-Keg Plan.