With all these things, and many others, to be thankful for today, it just doesn't seem proper to spend the day expounding on our usual financial topics. Those compound annual growth rates, RP ratios, and market capitalizations can wait a week or two.
Instead, let's talk food. Specifically, Thanksgiving desserts. Thanksgiving desserts are thankful thing #6,243 on my list. When it comes to cooking, I confess it's an activity I love, but one that's been pushed aside these last few years. Another casualty of the clock.
Fortunately for my family, my wife (who's definitely up there in the top 10 on my thankful list) excels in gastronomics. It's payback time to you, our readers (who comprise thankful thing #79), in return for the education and entertainment you've given me.
The payback (or a down payment for such) is a recipe for what I'll call our Foolish Four Apple Crisp, courtesy of my wife. (Actually the recipe is courtesy of my wife's sister, passed along from my wife's sister's neighbor, passed along from... who knows where these things get started?)
Why do I call our holiday dessert the Foolish Four Apple Crisp? Simply because this treat has all those remarkable qualities that attract us to investing in the Foolish Four:
The fuss over the Bon App�tit concoction reminds me of the overly complicated way of doing things. It's the same style often favored by the Wise men (and women) of the financial world, depicted in Investing with Rube.
Our modest Foolish Four Apple Crisp suits me just fine, thank you. So, without further ado, the recipe:
Foolish Four Apple Crisp
Granny Smith apples
1/2 cup + 2 tablespoons brown sugar (packed)
1/2 cup sugar
1 cup flour
1 teaspoon cinnamon
dash of salt
3/4 cup butter, melted
Preheat oven to 350 degrees. Core, peel, and slice enough apples to fill a 9 inch pie plate 2/3 full. Sprinkle apples with 2 tablespoons of brown sugar mixed with the cinnamon. Mix the remaining brown sugar, sugar, flour, and salt in a separate bowl. (Note that the above steps can be done in advance if you want to serve the dish warm after dinner.)
Add egg and melted butter to the flour mixture and stir to cookie dough consistency. Pour over apples and bake at 350 degrees until bubbly (about 45 minutes). Serve, ideally warm, with a huge scoop of vanilla ice cream.
After the meal's complete, and you've all had your share of seconds, don't forget the Maalox (thankful thing #9,491).
Have a most delightful, thankful Thanksgiving.
And please drive Foolishly.
Beating the S&P year-to-date returns (as of 11-23-99):
Schlumberger (NYSE: SLB) +40.0%
Kimberly-Clark (NYSE: KMB) +21.7%
Campbell Soup (NYSE: CPB) -16.1%
Ford Motor Co. (NYSE: F) -10.8%
Bank of America (NYSE: BAC) +6.4%
Beating the S&P +8.2%
Standard & Poor's 500 Index +14.3%
Compound Annual Growth Rate from 1-2-87:
Beating the S&P +25.1%
S&P 500 +17.8%
$10,000 invested on 1-2-87 now equals:
Beating the S&P $177,600
S&P 500 $81,400