Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

Burp

November 26, 1999February 13, 2017

I’m alive! The salad dressing didn’t kill me!

I refer to Wednesday’s column about American Express and my six-year-old blue cheese dressing, knowing that only a handful among you will recall the famous salad oil swindle of the 1960s that brought American Express to its knees. (It turned out that those tanks filled with millions of gallons of salad oil, collateral for an Amex unit’s loans, were . . . empty! Trusting souls, no one had actually looked inside.)

You see? These things are connected. And the connection between American Express and salad dressing, however tenuous, gives me an opportunity to make a point. Rather, to reiterate a point that far smarter souls have made for years — namely, the wisdom of investing in great companies when a grave but surmountable disaster, like an earthquake in Taiwan or a salad oil swindle in New Jersey, lays them low.

Anyway, Happy Thanksgiving again. Shouldn’t you be outside playing touch football? Or at the movies? You know, this Internet thing is really beginning to take over your life.

(I know. Look who’s talking.)

Post navigation

← Three More Things to be Thankful For
Monday, Wednesday, Friday →

Quote of the Day

"I always wanted four children, my wife wanted two; we compromised on two."

Senator Chuck Schumer

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • Thwarting Their Plans

    June 23, 2026
  • It's Catching On

    June 22, 2026
  • Pro-Coal, Anti-Diversity, a Question -- and a Bonus!

    June 19, 2026
  • Testing My Happy Gene

    June 18, 2026
  • Bananas!

    June 17, 2026
  • Freezing Bananas

    June 15, 2026
  • They're leaving MAGA

    June 13, 2026
  • Semi-Corrections

    June 12, 2026
  • Winning In Maine; Losing in New York

    June 11, 2026
  • Hidden Shame

    June 10, 2026
Andrew Tobias Books
  • Facebook
  • Twitter
©2026 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams