Author Topic: Picking Dollar Bills from the Street  (Read 1998 times)

vinod1

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1463
    • My Blog
Picking Dollar Bills from the Street
« on: May 20, 2020, 06:48:34 PM »
We go on long walks in the evenings and today I thought of an experiment.

I put two one dollar bills prominently on the grass right beside the walking path that is frequented by a lot of people. The dollar bills are quite visible to anyone walking on the path.

I wanted to check if people would pick up the dollar bills or are worried enough that it might have coronavirus and leave them alone. After putting them at the start of my walk and returned about an hour and half later.

Both bills are still on the ground. I would think atleast about 30-40 people must have passed by.

Just as I was about pick them back up, I thought what if someone has sneezed or handled it somehow and just left them where they are.

Same size of one, so does not really mean much, but might point to the level of risk tolerance at least in the local community.

Vinod
The fundamental algorithm of life: repeat what works. –Charlie Munger


fareastwarriors

  • Hero Member
  • *****
  • Posts: 3703
Re: Picking Dollar Bills from the Street
« Reply #1 on: May 20, 2020, 06:57:51 PM »
We go on long walks in the evenings and today I thought of an experiment.

I put two one dollar bills prominently on the grass right beside the walking path that is frequented by a lot of people. The dollar bills are quite visible to anyone walking on the path.

I wanted to check if people would pick up the dollar bills or are worried enough that it might have coronavirus and leave them alone. After putting them at the start of my walk and returned about an hour and half later.

Both bills are still on the ground. I would think atleast about 30-40 people must have passed by.

Just as I was about pick them back up, I thought what if someone has sneezed or handled it somehow and just left them where they are.

Same size of one, so does not really mean much, but might point to the level of risk tolerance at least in the local community.

Vinod

I still pick up coins including pennies unless it's covered in stuff.

Do you live in a richer community?

meiroy

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1047

SHDL

  • Hero Member
  • *****
  • Posts: 559
Re: Picking Dollar Bills from the Street
« Reply #3 on: May 20, 2020, 07:56:08 PM »
Alternatively the neighbors who saw them were all economists.

“No way that’s a real dollar bill, if it was someone would have taken it already.”

Jurgis

  • Hero Member
  • *****
  • Posts: 5252
    • Porfolio
Re: Picking Dollar Bills from the Street
« Reply #4 on: May 20, 2020, 09:21:29 PM »
I still pick up coins including pennies unless it's covered in stuff.

Now we know who is a real value investor on CoBF and who is just a wannabe.



I pick up pennies too. Although by Bill Gates' test it's probably money losing activity.
"Human civilization? It might be a good idea." - Not Gandhi
"Before you can be rich, you must be poor." - Nef Anyo
"Money is an illusion" - Not Karl Marx
--------------------------------------------------------------------
"American History X", "Milk", "The Insider", "Dirty Money", "LBJ"

Midas79

  • Hero Member
  • *****
  • Posts: 633
Re: Picking Dollar Bills from the Street
« Reply #5 on: May 20, 2020, 09:26:02 PM »
Just as I was about pick them back up, I thought what if someone has sneezed or handled it somehow and just left them where they are.

I don't mean anything negative or personal by this, but this sentence made me laugh really hard. The performer of the experiment was an unwitting subject all along!

Jurgis

  • Hero Member
  • *****
  • Posts: 5252
    • Porfolio
Re: Picking Dollar Bills from the Street
« Reply #6 on: May 20, 2020, 09:29:44 PM »
So we were driving into Boston on Monday and there was a panhandler asking for money from drivers at the intersection.
He was not wearing mask or anything.

And people were actually opening car windows and handing him money.

Talk about going risky IMO.  ::)
"Human civilization? It might be a good idea." - Not Gandhi
"Before you can be rich, you must be poor." - Nef Anyo
"Money is an illusion" - Not Karl Marx
--------------------------------------------------------------------
"American History X", "Milk", "The Insider", "Dirty Money", "LBJ"

vinod1

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1463
    • My Blog
Re: Picking Dollar Bills from the Street
« Reply #7 on: May 21, 2020, 12:58:41 PM »
fareastwarriors - it is a upper middle class neighborhood. I pick pennies all the time too. Just the virus makes us a bit more cautious.

Midas79 - We had a good laugh as well.

Jurgis - I was thinking the same. How can I call myself value investor if I do not even pick dollar bills from the street.

Vinod
The fundamental algorithm of life: repeat what works. –Charlie Munger

Jurgis

  • Hero Member
  • *****
  • Posts: 5252
    • Porfolio
Re: Picking Dollar Bills from the Street
« Reply #8 on: May 21, 2020, 01:05:07 PM »
Jurgis - I was thinking the same. How can I call myself value investor if I do not even pick dollar bills from the street.

I was joking.

Although I would have picked the bills and washed and disinfected hands and bills afterwards.




And then FBI would have arrested me for money laundering.
"Human civilization? It might be a good idea." - Not Gandhi
"Before you can be rich, you must be poor." - Nef Anyo
"Money is an illusion" - Not Karl Marx
--------------------------------------------------------------------
"American History X", "Milk", "The Insider", "Dirty Money", "LBJ"

rb

  • Hero Member
  • *****
  • Posts: 3413
Re: Picking Dollar Bills from the Street
« Reply #9 on: May 21, 2020, 02:03:59 PM »
With the price of disinfectant these days you probably would have lost money.  ;D