Nature is commonplace. Imitation is more interesting.
There is only one kind of life insurance, and that is pure protection based on a mortality table. All others are pure protection plus a cash value element that I call 'funny' banking.
There is no such thing as a future decision. There are only present decisions that affect the future.
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult.
One characteristic that I have observed about the timing of all good traders is that they never try to squeeze out the last point in a stock.
The person who takes no chances generally must take whatever is left over after others have finished choosing. Overcaution is as bad, if not worse, than lack of caution. Both should be avoided. Life will always contain an element of chance. Not to win is not a sin. But not to try is a tragedy.
The most important ingredient for success in the stock market is a sharp sense of timing.
So much of what you do physically happens because you've thought about it and mentally prepared for it.
Most books, after all, are ephemeral; their specifics, several years later, inspire about as much interest as daily battle reports from the Hundred Years' War.
But oh! shipmates! on the starboard hand of every woe, there is a sure delight; and higher the top of that delight, than the bottom of the woe is deep.
I hated school right away. Religion had a lot to do with it because I felt like everybody was always lying to me.