Our 2 faithful readers will note that we have repeatedly chronicled the financial habits and traits of one of our own, Dickie the Peap. Relying on his financial wisdom and looking to him as the bedrock and model of fiscal frugality, we have always thought that our financial future would at least be somewhat secure. We have been stunned to find out that his stock picking prowess was nothing more than smoke and mirrors as evidenced by the accompanying chart displayed below.
The eagle eyed reader will note the precipitous drop in one day of nearly half the value of one of the core holdings of the Peap Foundation after it was discovered that the company in question is nothing more than a couple of guys running a back-room boiler plate operation somewhere in Eastern Europe. To top it off, we have learned that Dickie did not actually research this firm directly himself, but rather, relied on his pet chimp, Irving the Peap, to select this firm via one of the oldest known stock picking methods known to investors-throwing a dart at a board.
As a result of this revelation, we are immediately severing all ties with Dickie the Peap in regard to Institute financial advising. Instead, our meager resources are now going to be entrusted entirely to The Amazing Kreskin. Now, that guy can predict the future.
I see no problem with Irving running the show. Aren't most financial advisers baboons these days?
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