iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
17,966 Blog Posts

Follow Up on Today’s Lesson of the Day: DON’T BUY GOOD CHINA; KEEP BUYING SHIT

My ‘editorial staff’ permitted my previous article to be published with a glaring dose of heinous stupidity.

The premise: buy good china — because MUH lady friends and MUH rate of return.

What I failed to include was compounded rates of return and MUH inflation. When you calculate the compounded rate of return, it equals out to just 3.51%, turning an $85 investment in 1918 into $2,400 today. After inflation, it turns to complete shit. An $85 purchase in 1918 dollars is equal to $1,395, leaving the rate of return substantially less than the 3.51% quoted pre-inflation. You’d be better off investing in just about anything else in the world other than fancy Haviland china.

Given the circumstances and the fucking hassle in preserving fine china and washing them all the time, one could argue buying and eating on crappy generic paper’d plates is preferable. This way, you can whip something up real quick, eat it, then toss it into the landfill.

As for entertaining guests, take them to a fine eatery. Who the fuck hosts dinner parties at home these days anymore, anyhow? In the event you’re having a party, serve on those fancy hard plastic ones and tell them they’re environmentally friendly and that you oppose the fine china industry because it employs slave and child labor in the far east and that you will not be a party to such shenanigans.

Off to go buy some food for a late dinner snack.

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5 comments

  1. acehood

    Mrs. Fly seems the type to still throw lavish dinner parties but maybe not.

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  2. sarcrilege

    And once one inputs inflation into the calculus, it turns out everybody lost 3/4 of their “investment” in this fine china.
    https://tinyurl.com/y7kdrp7k

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  3. bintercorp

    I bought Wedgwood china once so I could bring up in conversation how the family degenerated into a bunch of inbred psychopaths who believed they were in touch with inter-dimensional spirits giving them plans for a one world government. Thats what ceramics and pottery will do to you. I’m pretty sure most china is covered in lead.

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  4. numbersgame

    China is cheap, because old people die and nobody wants it. Even baby boomers – the ultimate consumer generation – don’t want the stuff anymore.

    When’s the last time you saw anyone on an home improvement show say, “Let’s close this area up with a wall to create a formal dining area?”

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