Talking Points: October 5,2020

October 5, 2020

The fourth quarter is usually the best performing quarter for equities, being higher 79% of the time and on average, up 3.9%. Yahoo Finance, October 1, 2020

On Oct 1, 1958, The American Express Co. introduced its charge card, which was made of paper with the account number and cardmember’s name typed. Plastic came along a year later. The annual fee was $6.00. History of Information 

Bankrupt Chuck E. Cheese will spend $2.3 million to destroy 7 billion prize tickets. The chain says that destroying the tickets, which would fill 65 cargo-shipping containers, cost less than the $9 million that would have to be spent if they were redeemed for prizes. Business Insider, September 16, 2020

“If you want to know what God thinks of money, just look at the people he gave it to.” Dorothy Parker

Tesla helped bring battery costs down from over $600/kWh to about $150/kWh…but it needs to land at about $100/kWh to achieve what is referred to as “petroleum parity.” The Wall Street Journal, September 22, 2020

The total time Americans spent commuting to work dropped nationally 62.4 million hours per day, and aggregating that from mid-March to mid-September, the national time savings was over 9 billion hours. Numlock News, September 21, 2020

“In politics, stupidity is not a handicap.” Napoleon Bonaparte

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