How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that. . . I'm paying $32 billion today for the Coca Cola Company because. . . If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it a few times, you'll make a lot of money.
Stop spending your time; start investing your time.
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.
If you defer investing your time and energy until you see that you need to, chances are it will already be too late.
So instead of investing your time in a passion, you’ve sold your life to work for an uncaring machine that doesn’t understand you. That’s the problem with our society. And what’s the reward? Go home and get a big TV.
Money is ultimately not enough compensation for investing your time and energy: there has to be a sense of purpose, meaning and fulfillment.
You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.
