If you had bought $1000. worth of Nortel stock one year ago, it would now be worth $49.
With Enron, you would have $16.50 of the original $1000.
With Worldcom, you would have less than $5. left.
If you had bought $1000. worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent deposit, you would have $214.
Based on the above, my current investment advice is to drink heavily and recycle.
Not exactly MY advice, but anyhow . . .
Published 2004-01-01 / Karl-Heinrich Fischle, Hannover, Germany