Well-known financial writer andrew tobias argues that he, Financial Management

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Well-known financial writer andrew tobias argues that he

Well-known financial writer Andrew Tobias argues that he can earn 177 % per year buying wine by the case. Specifically, he assumes that he will consume one $10 bottle of fine Bordeaux per week for the next 12 weeks. He can either pay $10 per week or buy a case of 12 bottles today. If he buys the case, he receives a 10% discount, and, by doing so, earns the 177%. Assume he buys the wine and consumes the first bottle today. Do you agree with his analysis? Do you see a problem with his numbers?

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