Investment "Thought of the Day"
"We make ourselves rich by making our wants few."
-Henry David Thoreau
Is the reverse, we make ourselves "poor" by making our wants "many" true, as well?
This comment has to do with buying more than our means permit, a common occurrence in modern credit card society, long after it was written. It is human to want a rich and varied life, however much we may need to "make ourselves rich".
The more knowledgeable we are of what is out there to help us live and the more money we have to use as a tool to make our lives easier, the more complex and "rich" our desires are.
The late Hetty Green was a wealthy woman who made a virtue of frugality, except as far as buying securities is concerned, to the detriment of a full and varied life. "Frugality" works, but can appear to others as "poverty". This is a book about her.
Meanwhile, there are lots of stocks, purchases for the long term, definitely "wants" that are accelerating fast. Surely, Thoreau wasn't talking about stocks?
-Henry David Thoreau
Is the reverse, we make ourselves "poor" by making our wants "many" true, as well?
This comment has to do with buying more than our means permit, a common occurrence in modern credit card society, long after it was written. It is human to want a rich and varied life, however much we may need to "make ourselves rich".
The more knowledgeable we are of what is out there to help us live and the more money we have to use as a tool to make our lives easier, the more complex and "rich" our desires are.
The late Hetty Green was a wealthy woman who made a virtue of frugality, except as far as buying securities is concerned, to the detriment of a full and varied life. "Frugality" works, but can appear to others as "poverty". This is a book about her.
Meanwhile, there are lots of stocks, purchases for the long term, definitely "wants" that are accelerating fast. Surely, Thoreau wasn't talking about stocks?