Speculation leads you the wrong way. It allows you to put your emotions first, whereas investment gets emotions out of the picture.
--
John Bogle
Related quotes (
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What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?
I say to you never involve yourself in debt, and become no man's surety.
Live within your means, never be in debt, and by husbanding your money you can always lay it out well.
When you get in debt you become a slave.
The real measure of your wealth is how much you'd be worth if you lost all your money.
Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.
The biggest threat to long-term returns is your behavior in the short term.
An investment in knowledge pays the best interest.
The second vice is lying, the first is running in debt.
Don't let your mouth write no check that your tail can't cash.
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