Sunday, September 07, 2008

A Haunting Tale of Opportunity Cost

I just remembered that in the year 1999, I bought the album Backstreet's Back for the sum of Rs. 125. Rs. 125, at the rate of 3.5% annually (which is what I might have earned if I left the money in my savings account) would have worked out to Rs. 170.36 today. At the current exchange rate, that works out to about $4. Which is the price of a gyro on pita at Sammy's Halal food stall.

Thats right. My foolish decision to purchase that execrable album has left me poorer by one gyro on pita today.

Damn.

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