Sandia
Very Experienced
- Joined
- May 24, 2002
- Posts
- 6,461
John A. Millard, Shearman & Sterling (NY):
"If you had bought $1000 worth of Nortel stock one year ago, it would be worth $49. With Enron, you would have $16.50 of the original $1000. With WorldCom, you would have less than $5 left. If you had bought $1000 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 5-cent deposit, you would have $107. Based on the above, my current investment advice is to drink heavily and recycle."

"If you had bought $1000 worth of Nortel stock one year ago, it would be worth $49. With Enron, you would have $16.50 of the original $1000. With WorldCom, you would have less than $5 left. If you had bought $1000 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 5-cent deposit, you would have $107. Based on the above, my current investment advice is to drink heavily and recycle."
