Like New, Never Read!

A few years back, Amazon.com sent me a 50% discount coupon for one of John C. Bogle’s books, “John Bogle on Investing: The First 50 Years.”  The market was roaring back then and nobody wanted to read what old man Bogle had to say about value, at least not for $29. One eager Amazon.com seller was willing to let this book go for $4.99, Like new, never read! he boasted.  The Dow was 11,380. My barber had just told me that his college-aged son’s roommate’s parents had just quit their day jobs, making $2k a week, apiece, day trading.  That was March 2000, peak of the dot.com boom.  Apparently, many copies went unsold.

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About Jonathan Smith

likes: everything my wife cooks, refrigerator art, my wife, dogs, kids and friends, lighted christmas balls, vintage boats, children's lit, jesus dislikes: beets, short days, taking lighted christmas balls down
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