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| Andrew Tobias |
But when he linked to this 1987 video of his interview by Werner Erhard, I was skeptical of how interesting it could be. Let's face it: most advice on money and investing has a shelf life of 2 or 3 years. I was wrong. Good, basic stuff, but with a sense of humor.
Example: Tobias says if you invested just 1 penny at 2% the day Christ was born, in 1987 you would have $198,000,000,000,000,000. He says this illustrates two things:
• Slow and steady does indeed win the race.
• No wonder the Catholic church has so much money.
[I'm not sure of Tobias' math there. Did he really mean only one penny invested, or one penny a day, or one penny a year?]
Anyway, it's two hours long, and I haven't finished it yet (neither, in fact, has he) but you might enjoy it, too.
You'll find it here.
Update: [A friend did the math. He does indeed mean just one penny invested. Now all you have to do is live 2014 years to collect.]
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