Quarterly Reports: Your Own Best Interest

March, 1983

Quarterly Reports: Your Own Best InterestIf you could be any financial concept in the world, which one would you be? Inflation? Hedging? Dis-intermediation? (Sorry; "rich" is an adjective, not a concept. You've got to pick a concept.) If you were smart, you'd pick compound interest. It never fails to dazzle.Today, for example, I bought $200,000 worth of zero coupon municipal bonds. Zero coupon means they pay no interest. Municipal means I pay no taxes. (Why taxes should be a considerat...