Monday, December 17, 2007

Ross Perot

Granted Ross Perot sounded like a crazy man when he ran for President of the USA but you have to admit he is a damn good business man. Not only is he rich but he is about to get richer this week since he Perot Foundation is the owner of one copy of the only seventeen (17) copies of the Magna Carta that are known to exist today.

The Perot foundation purchased their copy in 1984 for US$1.5 million and are set to sell it via Sotheby's auctions on December 18th so an expected $20 to $30 million. Not a bad return on your investment Mr. Perot.

The Magna Carta is not only a rare document but it is also a vital document - especially to constitutional nerds like me - because most historians cite it as the first time in recorded history humans placed legal limitations on monarchs/dictators. This document was written in 1215 but it did enter into English law until 1297 during the rule of King Edward I. Clear evidence that royalty should not be trusted since it took a full 82 years for the Magna Carta to have the force of law!!!

The full text of the Magna Carta is worth watching if readers have some free time -- -- which we all should should have today since this document paved the way for the respect of human rights and freedoms.

Thanks King John,


No comments: