Book excerpt: The Diary of a Novice Investor
“When my co-workers ask me why I bring my lunch every day, I say it saves me money so I can buy more wine. This is only a partial truth, so I’ll describe it another way. Let’s say it costs me $1 dollar per day to make my own lunch, which means I spend about $20 per month for lunch. Now, if I went out to lunch and spent $5 every day, that equals $80 per month, meaning I save $60 in expenses by bringing my own lunch! This means that I could now use this money to invest $720 a year — or buy several cases of wine. The cheapest 100 shares I bought with fantasy money was only $636, and at one point, the stock was up 116%!”