Factual error: Mr. Dawes Jr. states that the tuppence (two pence) invested by Michael grew into enough to pay off the mortgage on the house. Interest rates over that 20 year time period were about 4%, which would have made that 2p grow to all of 4p. Go nuts and assume an impossibly high return of 15% per annum, compound, consistent over the twenty years. Despite the fact that not even Bernie Madoff offered ridiculously high returns like that, after twenty years the original two pence investment would be worth 39p. As an aside, houses of the time cost about £750, far below current London prices, but still considerably more than 39p.wizard_of_gore
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