It was the summer of '83, and Akin, Liner and I were travelling in the old country: Europe. We were very sophisticated. I don't remember exactly where it was, perhaps between the "enchanting village of Echternach," where for the second night running we ran into a couple of Dutch guys named Joost and Joost and got drunk. Or perhaps it was after Heidelburg, where we ran into them again and got really drunk on "Der Stiefelbier," talls beers wondrously shaped like a shoe so that the beer slapped you in the face at a crucial moment.
Anyway, we were on a train going somewhere Germanic when Doug Liner disclosed that, at the tender age of 18, he had a 401k. We about fell out. Doug, an early adherent to financial planning best practices, explained to us the great joys of compounding, and we laughed and laughed, and laughed.
But I wonder how that account's doing today. I may have to ask him.
Monday, May 09, 2005
Great moments in foresight
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