In the sentence below from Liar's Poker, does the reference of twenty-two-cent stamp mean that many investors were now able to make a bid for a company?

“There was this huge opportunity,” says Perella, “and it was lying under the dirt. You had a steady supply of companies whose assets were undervalued. But there was a paucity of buyers. People who wanted to buy these companies couldn’t monetize their desire. Someone—Milken—came along and kicked away the dirt. Now anyone with a twenty-two-cent stamp can make a bid for a company.”

Research I've done:
I checked urban dictionary and tried to search on google how common 22 cent stamps were in the 80s. However, the search didn't come up with anything useful.

  • I think the matter of 22 cent stamps was merely a way to say that mailing a bid might produce results. I suppose that 1st class postage was 22 cents at the time – J. Taylor Feb 26 '18 at 0:27
  • 2
    February 17, 1985, 1st class postage went to 22 cents – J. Taylor Feb 26 '18 at 0:59
  • You didn't research very much: en.wikipedia.org/wiki/History_of_United_States_postage_rates – Hot Licks Feb 26 '18 at 2:41
  • Please include the research you’ve done, or consider if your question suits our English Language Learners site better. Questions that can be answered using commonly-available references are off-topic. – Hot Licks Feb 26 '18 at 2:42
  • @Hot Licks - you shouldn’t point out that I haven’t done research. I’ve done research to the point that I wanted. My curiousity to learn made me post this question. Posts like yours, make people second guess themselves about asking questions. – rds80 Feb 26 '18 at 5:25

From February 17, 1985 to April 3, 1988, the cost of first-class domestic postage was...22¢.

Milken had made investing so easy, all you had to do was mail a letter.


Yes. Whether 22¢ stamps were actually common is irrelevant. The meaning is that minimal investment was required to bid on a company.

  • I understand the meaning of the sentence. But what is the relevance of twenty-two-cent stamp? – rds80 Feb 25 '18 at 23:58
  • The implication was that all they had to do was send a letter – danch Feb 26 '18 at 1:08

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