Stamps Better Than Stock Market?
A mint block of 1840 One Penny Black stamps, owned by Bill Gross of Pacific Invesment Management Co., or PIMCOIn 2007 billionaire fund manager Gross raised $9.1 million for charity in June by selling early British stamps, mostly bought in 2000 - that outperformed his Pacific Investment Management Co.'s bond fund, the world's largest.
``It's four times cost,'' Gross said after the sale in New York. ``It's better than the stock market.'' [from bloomberg]
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