Accountable Update

Predicting Snow and Stocks

A July forecast of "rain, hail, and snow" mistakenly appeared in The 1816 Old Farmer's Almanac. The Almanac’s owner, Robert B. Thomas, caught the mistake and printed new ones but not before word got out. Initially, Thomas was ridiculed until it actually snowed that July. Is it any wonder that the Almanac is still being produced today? Such is the power of one good prediction.

Give $1,500,000 Without Losing an Arm (or Leg)

“One day, you will all be millionaires.”

It was 1976 and I was sitting in Mrs. Edmond’s 3rd grade math class at David Crockett Elementary in Marshall, TX when she made that statement. She was discussing the impact of inflation, also using milk and bread prices from the 1930’s to demonstrate the power of time and inflation on purchasing power. All I could focus on was that I was going to be rich!