Dad Story #1: Appreciating Assets
October 20, 2020
My dad, the radical feminist, firmly believed that his daughters would grow up to be power players and leaders of men. As such, he saw no reason to go easy on us - particularly when there was a lesson to learn.
My sister and I used to play epic, multi-day marathons of Monopoly with Dad. Trained in the ways of finance, he would use his knowledge to become the real estate tycoon that he would have fought tirelessly to prevent the development of the beautiful marsh that used to be Mediterranean Avenue. He was also fiercely competitive and saw no reason to allow his young girls to get ahead - or, perhaps he was preparing us for a work environment where our male colleagues would get a head start and play for keeps. Either way, he was nearly impossible to beat. Eventually, we refused to play with him anymore - but not before he imparted upon me the importance of choosing appreciating assets.
As a small child, I found the railroads in Monopoly to be most excellent. The more you have, the more each one will yield when an unsuspecting opponent lands on one of them. One memorable game, I successfully traded a single property to Dad to complete my collection of railroads - and secured him the ultimate monopoly of Park Place and Broadway. I didn't know it at that moment, but my fate was sealed.
Dad knew, though. He proceeded to build multiple hotels on both properties, progressively robbing me of all my assets as I landed on the squares repeatedly. When I finally went bankrupt, frustrated and grouchy, he asked:
"Do you understand why you lost?"
I literally couldn't care less - but Dad proceeded to explain to me how his properties would keep getting more valuable over time, while my railroads wouldn't, so my railroads weren't a good strategic investment. I was so angry at him. He known he would beat me for hours, and he still did it. I stomped away and made him clean up.
But - now I know that you should buy things that get more valuable over time. Thanks, Dad.
My sister and I used to play epic, multi-day marathons of Monopoly with Dad. Trained in the ways of finance, he would use his knowledge to become the real estate tycoon that he would have fought tirelessly to prevent the development of the beautiful marsh that used to be Mediterranean Avenue. He was also fiercely competitive and saw no reason to allow his young girls to get ahead - or, perhaps he was preparing us for a work environment where our male colleagues would get a head start and play for keeps. Either way, he was nearly impossible to beat. Eventually, we refused to play with him anymore - but not before he imparted upon me the importance of choosing appreciating assets.
As a small child, I found the railroads in Monopoly to be most excellent. The more you have, the more each one will yield when an unsuspecting opponent lands on one of them. One memorable game, I successfully traded a single property to Dad to complete my collection of railroads - and secured him the ultimate monopoly of Park Place and Broadway. I didn't know it at that moment, but my fate was sealed.
Dad knew, though. He proceeded to build multiple hotels on both properties, progressively robbing me of all my assets as I landed on the squares repeatedly. When I finally went bankrupt, frustrated and grouchy, he asked:
"Do you understand why you lost?"
I literally couldn't care less - but Dad proceeded to explain to me how his properties would keep getting more valuable over time, while my railroads wouldn't, so my railroads weren't a good strategic investment. I was so angry at him. He known he would beat me for hours, and he still did it. I stomped away and made him clean up.
But - now I know that you should buy things that get more valuable over time. Thanks, Dad.