Tuesday, April 28, 2015

Lessons can appear everywhere one might look for them

Moral: Wherein we consider the "life and lessons" of a non-poor janitor.


The Washington Post, April 25, 2015 - column by Barry Ritholtz.


Lots to say, at some point.

In short, though, they better sell quick, otherwise the air will escape.

Remarks:  Modified: 04/28/2015

04/28/2015 -- Now, a few hours later. His collection would be a good basis for a study. All sorts of questions loom. Say, what if he had died at 84 or 85? One can always hold and hope for a good price, assuming that you don't have something like the Lehman Brothers bit that he bought. Then, more than 1/2 of the collection might be expected to pay off. ... The key issue is that equity collections do not pay off for everyone; this payout (it would be good to know the specifics of the accounting) is an exception. Has anyone done this type of analysis? ... At least the talk now is how we've seen these things go sky high with little participation. Yes, indeed. That is the whole point.

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