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Andrew Tobias

Money and Other Subjects

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Fight Fiercely, Harvard!

August 12, 2008March 11, 2017

DO OUR KIDS HAVE IT AS GOOD AS WE DID?

Stephen Tumbas: ‘How does our daughter’s job offer of $33K per year compare to our first salary in 1972 of $10K?’

☞ Poor kid. To match your 1972 $10,000, adjusted for inflation, she needs to be getting $52K. Use this handy tool to see for yourself.

Then again, she gets 152 cable channels and has GPS and a camera built into her iPhone. It’s hard to measure true equivalence.

AN INCOME STOCK

I bought some CPNO at $30.45 yesterday. I like the 7.5% yield.

WHY LIBERALS LOSE

Here’s a theory for why Southern Democrats do better winning the presidency than the Stevensons, Mondales, and Dukakises (Dukaki?), Gores and Kerrys. (Hint: they fight back.) (Note: the writer has Vice President Gore having gone to Yale. Actually, it was Harvard.)

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Quote of the Day

"This fishing tackle manufacturer I knew had all these flashy green and purple lures. I asked, 'Do fish take these?' Charlie, he said, 'I don't sell these lures to fish.'"

Berkshire Hathaway's Charles T. Munger, as quoted in FORTUNE

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