Pelecanos’ Big Lesson

The personal finance section of The Washington Post stretched hard for human interest on Sunday when it ran a piece explaining why George Pelecanos (The Night Gardener) has only recently bought his first car, a Mustang GT, for which he paid cash.

“It goes back to my father and grandfather,” says the 49-year-old Silver Spring resident. “They never bought anything unless they had the cash in their pocket. I'm pretty conservative with my money.”

And not just that. The Post goes on to tell us that Pelecanos learned a hard lesson his first summer out of college when he lost all his hard-earned money in one ill-spent night.

The Washington Post piece is here.