Thursday, May 08, 2008

Lie #44 - your in town

Vice President John Nance Garner once said that the vice presidency "isn't worth a pitcher of warm piss." Others believe he said "isn't worth a bucket of warm piss." Still others have quoted him as saying "a warm bucket of piss."

Not to digress, but I like to think that this Oscar Wilde of warm piss partial quotations used "bucket." This is because if you're like me you hate to think what would happen if you--or any cabinet member--walked into the cabinet room at the White House and saw an inviting pitcher on the table, you would not hesitate to pour yourself a nice glass of lemonade. This wouldn't happen if you saw, say, a galvanized steel bucket sitting on that well-polished mahogany table--you would assume that that was a bucket of warm piss.

Now to my point. John Nance Garner said this during The Great Depression, a time when the price of warm piss had fallen to all-time lows, not even a penny a pitcher--in fact the pitcher was worth more. But do you know what you would have today if you started with $5,000 worth of warm piss and let it compound for 200 years?

Need a shot of Southern Comfort while you think about it?

Five thousand dollars isn't a lot of money today, but stop and perform the caluclation: How does $20 million sound! You can buy a lot of pitchers of warm piss with that kind of money.

Why not start today?

The idea of compound interest is simplicity itself.

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