Thursday, April 28, 2011

The Fascinating Oscar Wilde


"It is better to have a permanent income than to be fascinating." - Oscar Wilde

Posted by The Arthurian at 4:00 AM

2 comments:

Jazzbumpa said...

Back in the day, the British Government issued perpetual bonds. That's right - they paid a coupon rate FOR EVER.

Hence the term, "coupon clippers" for the leeches of society, if I have this right.

Cheers!
JzB

April 28, 2011 at 9:40 AM
The Arthurian said...

Perpetuals, I know... And oddly, they are able to calculate the "present value" of such bonds.

April 28, 2011 at 10:04 AM

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