My cousin is really into the stock market–not day trading, just investing, mostly for the long haul. He’s done very well for himself and so every time I brag about how much some muscle or vinatge car fetched at auction, he tells me that these guys would have done better if they put their money in stocks. I still wasn’t convinced, so when I heard that a rare Ferrari 275GTB N.A.R.T. Spyder, which cost about $14, 400 new back in the early '70s, was expected to go for for between $10 and 14 million in Monterey this past weekend, I told him to run the numbers. He did and told me the market would’ve beat that price.
Now I’m gonna send him back to his abacus. That there Ferrari sold for a world record $27.5 million. How now, Dow?!
Yes, I know I misspelled Investment. I’m tired.