
Bonus episode: Why prices fluctuate - the impact of interest rates on our lives
The David McWilliams Podcast
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Trades in Value - What Happened to Russians?
It was January of 1988, I think it was, 87, right? One of those years, I can't remember. He arrived with four or five of his mates and there were three or four pretty Russian girls all calls Fettlana - which is a great name because it means the rocket. So they gave them their jeans. We couldn't understand how they could possibly exchange all this wine and all this champagne, which we thought was incredibly valuable because we didn't have it. The nexus of all great trades in value is when one person thinks I've just pulled the wool over that fellas eyes and vice versa. And that's what happened in this trade.
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