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Thursday, November 11, 2010

Investing $1,000 in Lehman Bros, AIG -- and Beer

Realtor "Water Cooler" Talk

The water cooler is long gone, of course.

Instead, we Realtors have meetings.

Lots and lots of meetings.

I picked up this nugget -- plus some good market info -- at Edina Realty's Exceptional Properties meeting this morning (anecdote courtesy of downtown Manager Matt Loskota):

"If you invested $1,000 three years ago in AIG, what would you have today?"


"If you put that same $1,000 into Lehman Bros. stock, what would it be?"


"Now, how much would you have if spent the $1,000 on beer?"

"$235 . . . If you'd kept the aluminum cans."

Disproves (sort of) that line about "you don't buy beer, you rent it."

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