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Quotation on Wealth.
13-04-2014, 03:54 PM.
Post: #1
Quotation on Wealth.
Quote:
"You only have to get rich once in life or with your investments. Afterwards it becomes a matter of capital preservation. That's why they stay wealthy!"

Unquote
Assuming it's the truth, but how to get rich first?
Then how to stay wealthy by capital preservation?
=========== Signature ===========
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.

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13-04-2014, 03:55 PM.
Post: #2
RE: Quotation on Wealth.
"Behind every fortune, there is a crime"
=========== Signature ===========
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

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13-04-2014, 03:59 PM.
Post: #3
RE: Quotation on Wealth.
(13-04-2014, 03:55 PM)opmi Wrote: "Behind every fortune, there is a crime"
Wow! Powderful (i mean powerful QTE.)
=========== Signature ===========
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.

Find Reply
13-04-2014, 07:38 PM.
Post: #4
RE: Quotation on Wealth.
(13-04-2014, 03:55 PM)opmi Wrote: "Behind every fortune, there is a crime"

The quote implies all fortunes involve a crime, which include Mr. Warren Buffett's fortune.

That makes me disagree with the quote.
=========== Signature ===========
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡

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13-04-2014, 08:38 PM.
Post: #5
RE: Quotation on Wealth.
"I would rather earn 1% off a 100 people's efforts than 100% of my own efforts."

John D Rockefeller

Big Grin
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My Dividend Investing Blog

http://dividendsrichwarrior.blogspot.sg/
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13-04-2014, 09:17 PM.
Post: #6
RE: Quotation on Wealth.
"The first wealth is health." -Ralph Waldo Emerson

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13-04-2014, 10:21 PM.
Post: #7
RE: Quotation on Wealth.
"The key to prosperity is the ability to survive the next downturn" - Yue-Kong Pao
=========== Signature ===========
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

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13-04-2014, 11:39 PM.
Post: #8
RE: Quotation on Wealth.
and survive the next, and the next......next...next.....
The aim is to run out of life before money.
Shalom.
Amen
=========== Signature ===========
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.

Find Reply
14-04-2014, 09:38 AM.
Post: #9
RE: Quotation on Wealth.
Compound interest is the eighth wonder of the world. He who understands it, earns from it. He who doesn't, pays it. -- Albert Einstein.

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14-04-2014, 09:43 AM.
Post: #10
RE: Quotation on Wealth.
Those who do not remember the past are condemned to repeat it.
- George Santayana

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