UK Jail Cells More Expensive Per Night Than The Ritz

Reddit

A friend of ours has been sent to jail. Poor fellow. He was just trying to help out a friend, he explained, by bringing her some drugs. Illegal ones, of course. Now, he’s doing a six-month stint in Her Majesty’s gaols.

He writes:

“Prisoners cost the government 385 pounds per night (nearly US$800)…Maybe I can convince them to let me stay at the Georges V in Paris…or the Ritz in London… It would be cheaper. And this place is no Four Seasons.”

In some ways, it must be nice to be in prison. There are so many things you can’t do…it leaves you free to concentrate on a few things you can do.

You probably can’t call your broker, for example. So you have to figure out a Prison Portfolio – an investment position that will stay valid for as long as your term.

What would a prison portfolio look like today? Hmmm….we’ll have some thoughts soon.

Bill Bonner
The Daily Reckoning Australia

Bill Bonner

Bill Bonner

Best-selling investment author Bill Bonner is the founder and president of Agora Publishing, one of the world's most successful consumer newsletter companies. Owner of both Fleet Street Publications and MoneyWeek magazine in the UK, he is also author of the free daily e-mail The Daily Reckoning.
Reddit

Leave a Reply

Letters will be edited for clarity, punctuation, spelling and length. Abusive or off-topic comments will not be posted. We will not post all comments.
If you would prefer to email the editor, you can do so by sending an email to letters@dailyreckoning.com.au