I was 11 and helping my Uncle deliver freshly baked bread with horse and buggy on Saturday mornings. He didn't pay me, but I could eat all of the Raisin Buns and a few pastries as I wanted. LOL!
We've been pretty good about culling the herd. I've nearly filled an iPad with books. However, I'm the piker in the family; my wife is the reader with a particular interest in philosophy, religion and Swedish detective stories. I used to tease her about the Vatican Library calling to borrow a book
Back on the more interesting topic of Mr. Buffett...
I've given this book many times to graduating college students:
Munger is Buffett's business partner and he was the one who helped Buffett move beyond Ben Graham's "The Intelligent Investor" to a more expansive idea of intrinsic value. He's a devotee of Benjamin Franklin; hence the book title. He's quite a character and plays the straight man to Buffett at the annual meetings which Buffett calls "The Woodstock of Capitalism"
Nothing like Monday morning investment quarterbacking...LOL, Investment is about risk. No risk, no reward. Just like people who bought Apple stock in the 90's after the company was flailing and the stock was cheap and still own it today. You have to get in the game (smartly) despite your fears.
I used to drive by his house on my way to work when I was in college. If I would have invested in his stock instead of going to college, I'd probably be a lot better off. It was under $6000 a share at the time (1990).
You said it. I had my share of those. Back in the mid sixties, is was a way people could get you a gift that said "$50" for only $37.50, and then it took something like 7 years and 9 months to mature. What a racket.
About 15 years ago I found about $2000 worth of savings bonds from the my childhood and when I went to turn them in, I was told they had STOPPED MATURING more than 20 years before I turned them in! That was mighty crooked of the government.
Savings bonds were/are among the worst all time "investments."
