Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
Why Did I Buy That Dry Bubble Gum?
Old 08-13-2005, 09:08 PM   #1
Thinks s/he gets paid by the post
JPatrick's Avatar
 
Join Date: Jun 2005
Posts: 1,614
Since I read that little factoid about $1000 placed into Warren Buffets partnership in 1957 would today be worth $51,356,784, I keep having this same dream over and over again.
In 1957 I didn't really have $1000 available for investing or anything else, but I probably had a little change in my pocket that my Mom gave me to go to the corner store for candy or maybe a pack of baseball cards.* On a real good day I may have had as much as one dollar!!* So in my dream I'm on the way to the store when this older gentleman calls out to me. "Pssst, hey little boy, wanna invest in my partnership?" Being way to smart for that I say "hell no, I'm going to buy candy."
So years later I'm at a class reunion and the class nerd drives up in a new corvette.* I asked him where he got the cash for that and he says he had invested a dollar with Warren Buffet in 1957.* So I let him know that you can't buy a car like that with a one dollar investment.* So he whips out a calculator and shows me how his one dollar investment grew to $51,356.* He said he still had a few bucks left so he took me out for a few beers and told me about the magic of compounding. Wow that was really dry stuff.* Later on I showed him the baseball card of Yogi Berra I had bought that day. His eyes got big as saucers and he got all red in the face and told me that* he was an professional collector and that the card was worth- - - Bout then the alarm goes off and I've lost the whole thing.
Can anyone tell me what that card was worth?
JPatrick is offline   Reply With Quote
 


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Market Bubble Helen FIRE and Money 51 02-16-2007 10:19 PM
Buy a cheap call option? lazyday FIRE and Money 5 02-02-2007 10:37 AM
ExSmoker and Nicotine Gum Ol_Rancher Health and Early Retirement 2 11-17-2006 10:14 PM
Best time to buy into a fund PJ03 Young Dreamers 7 12-12-2005 09:30 AM
Buy House Now w/Low Down or Save Bigger Down? BigMoneyJim Young Dreamers 11 07-14-2004 05:23 PM


Other Social Knowledge forum communities:
Cooking Forum - Sailing Forum - Early Retirement - Airstream Trailer - Aquarium Forum - Royal Forum - Book Forum - Volkswagen Touareg Forum - Jeep Wrangler Forum - Whitewater Kayaking & Rafting Forum - Fiberglass RV Forum - RV Forum - Truck Conversion - U2 Music Forum
Investing Channel
All times are GMT -6. The time now is 05:04 AM.
Powered by vBadvanced CMPS v3.0.1
Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.3.0