Speculation is most dangerous when it looks easiest.
--
Warren Buffett
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I do recommend that most people sell the car with the most debt on it.
I tell everyone never to take more than a fifteen-year fixed-rate loan, and never have a payment of over 25 percent of your take-home pay. That is the most you should ever borrow.
Money is like a beautiful thoroughbred horse - very powerful and always in action. But unless this horse is trained when very young, it will be an out-of-control and dangerous animal when it grows to maturity.
Twist and wring out the budget, work extra hours, sell something, or have a garage sale, but quickly get your $1,000. Most of you should hit this step in less than a month.
Social security was never intended to be a retirement plan. At most, it was designed to provide an income supplement.
Money is not the most important thing in the world. Love is. Fortunately, I love money.
You can't pick winning stocks. Don't feel bad. I can't either. Nor can 80%+ of most pros.
I believe, deeply and profoundly, that speculation is a loser's game.
Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes.
Over the short run, the fundamentals are often overwhelmed by the deafening noise of speculation
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