Welcome to my “daily comment.” The ground rules Ceres and I have agreed to are simple. I can write whatever I want, ranging from a sentence to an epic, and nothing is off limits. I can even say things like, “Don’t trade stocks yourself — for most people, it’s smarter to invest through no-load mutual funds.” Which it is.
Sometimes, I will simply share some of my favorite quotes, in hope they may become some of yours. Here are three:
“There they go. I must follow them. I am their leader.” — Gandhi
“Stop smoking for three years and save enough money to buy an ox.” — The slogan of China’s new anti-smoking campaign (as reported in The Globe And Mail, Canada’s National Newspaper, in November)
“There is a debt of service due from every man to his country, proportioned to the bounties which nature and fortune have measured to him.” — Thomas Jefferson (as quoted by Colin Powell in his book). Seems a short jump to “Ask not what you can do for your country . . .” — and not a completely impossible leap to “from each according to his ability, to each according to his needs,” but that’s clearly going to a discredited extreme.
Tomorrow: Steve Forbes and the Flat Tax
Quote of the Day
Stocks have reached what looks like a permanently high plateau.~Irving Fisher, Professor of Economics, Yale University, 1929.
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