April 21, 2021
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Liquid Assets

Roger Scruton in New Statesman:
The following information came round on the Rappahannock grapevine. If you had purchased $1,000 of Nortel stock one year ago, it would now be worth $49; the same investment with Enron would have left you with $16.50, Delta Airlines $49 and United Airlines nothing.

If, however, you had purchased $1,000-worth of beer a year ago, drunk the beer, and then turned in the cans for the aluminium recycling fund, you would now have $214.

This piece of retrospective investment advice is only one of many arguments to suggest that drinkers have done rather better than abstainers in the current crash. And winos have done best of all.
 More here

Liquid Assets
outlookindia.com
1970-01-01T05:30:00+0530
Roger Scruton in New Statesman:
The following information came round on the Rappahannock grapevine. If you had purchased $1,000 of Nortel stock one year ago, it would now be worth $49; the same investment with Enron would have left you with $16.50, Delta Airlines $49 and United Airlines nothing.

If, however, you had purchased $1,000-worth of beer a year ago, drunk the beer, and then turned in the cans for the aluminium recycling fund, you would now have $214.

This piece of retrospective investment advice is only one of many arguments to suggest that drinkers have done rather better than abstainers in the current crash. And winos have done best of all.
 More here
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