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.
“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.
The Daily Reckoning Australia