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Archive for the ‘Wealth’ Category

Control Your Circumstances

Save a part of your income and begin now, for the person with a surplus controls circumstances, while the person without a surplus is controlled by circumstances.

Photo by Nextvoyage on Pexels.com

—Henry H. Buckley 

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Epictetus on Creating Wealth

Lampis the shipowner, on being asked how he acquired his great wealth, replied, ‘my great wealth was acquired with no difficulty, but my small wealth, my first gains, with much labor.’

epictetus2

—Epictetus

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Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.

Ayn Rand

—Ayn Rand

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Remember that investments are never too high for you to begin buying or too low to begin selling.

Livermore, Jesse

—Jesse Livermore

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Adam Smith on Wealth

No complaint…is more common than that of a scarcity of money.

Smith, Adam

—Adam Smith, The Wealth of Nations

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There is a persistent overall tendency for equity to flow from the many to the few.  In the long run, the majority loses.  The implication for the trader is that to win you have to act like the minority.  If you bring normal human habits and tendencies to trading, you’ll gravitate toward the majority and inevitably lose.

Wall Street Celebration

—William Eckhardt, mathematician and famed trader

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Bob Hope on Banking

A bank is a place that will lend you money if you can prove that you don’t need it.

Hope, Bob

—Bob Hope

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