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Title : On Investing -- October 6, 2018
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On Investing -- October 6, 2018

I will be leaving soon. Breakfast. Coffee.

Either west through Yellowstone National Park or north to Belfry. Tough, tough decision.

I plan to write a note to my granddaughters on my lessons learned after 30+ years of investing.

One lesson: don't invest in silver or gold coins. Maybe gold coins, but definitely not silver coins. The lesson has nothing to do with investing or even with the monetary value of the coins and whether they appreciate or not. It has to do with the phenomenon of collecting.

I was reminded of that when I saw the news this past week that Bill Gross, the poster child for bond investing, is selling his stamp collection, perhaps the biggest and best stamp collection known in the free world.

Anyway, enough of this. Talk to you later. Good luck to all.

https://ift.tt/2dZyQXu

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