John Kasley: “You write, ‘And he’s 86? Amazing.’ Meh. Maybe not so amazing. You’d never be deliberately unkind (after all, what would your mother think?). There is, however, just an outside chance that people might think that you think that as we age we are unable to do anything but sit on a park bench complain about pains, and drool on our zippers. Munger is the paradigm of ‘use it or lose it’ mental agility.”
☞ Good point. (Sorry, Mom.) Did you see Thursday’s New York Times profile of the sitting Wichita federal district court judge who, at 103, remains clear as the liquor of a properly shucked clam? May I call THAT amazing?
Howard Tiersky: “You write, ‘Just because ketchup turns brown and is a couple of years past its expiration date doesn’t mean it’s not basically fine…’ My company actually produced an entire web site on the topic of how long you can really keep different foods (often much longer than you’d think). Helps people save money and avoid waste.”
☞ That said, I was surprised to encounter an open, ancient, unrefrigerated jar of peanut butter that had, indeed, gone bad. It so spooked me that, against all my better instincts, I recently tossed – without even opening to sample – a container of yogurt best bought by October 19, 2007 that I found at the back of our refrigerator. It was probably fine, but I had been shaken.
THE MIDDLE-CLASS TAX CUT IS FOR RICH PEOPLE TOO
Peter Kaczowka: “The so-called middle-class tax cut is a tax cut for everyone, on the first $250,000 of income. If I get a raise that puts me over $250,000 a year (as if), I don’t lose that tax cut. I get it no matter how much I make. It’s a universal tax cut, a tax cut for all.”
☞ Pass it on.
THE CLINTON GLOBAL INITIATIVE BEGINS TODAY
BILL CLINTON ON JOBS
And take a few minutes to watch what President Clinton had to say after the Daily Show ran out of time last Thursday – this is the part that only the studio audience (and now you, via the web site) got to see. It’s actually split in two parts, as you’ll see. Don’t miss the second part either.
Quote of the Day
Very few American investors buy any stock for the sake of something which is going to happen more than six months hence, even though its probability is exceedingly high; and it is out of taking advantage of this psychological peculiarity of theirs that most money is made.~John Maynard Keynes
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