Investment quotes
[Note: this post has nothing to do with movies.] “If you can’t save, it doesn’t matter how well you invest, and an understanding of money’s true utility determines how well you’re able to accumulate it. If you think that money’s purpose is to buy stuff, you are doomed to fail, since you’ll quickly find yourself trapped on the `hedonic treadmill,’ the insidious evolving hunger for a yet more expensive car, a yet fancier house, or a yet more swish vacation. The best money in the world . . . is . . . used to buy time and autonomy.” –William Bernstein’s The Four Pillars of Investing (second edition) (8). “Wealth is the nice cars not purchased. The diamonds not bought. The watches not worn, the clothes foregone and firstclass upgrade declined. Wealth is financial assets that haven’t yet been converted into the stuff you see. . . . The only way to be wealthy is to not spend money that you do have. . . . But wealth is hidden. It’s income not spent. Wealth is an option not yet taken to buy s
