- After 500 years of 3% inflation, $100,000 will be worth 4 cents.
- “The guy who invented playing cards was brilliant. But the guy who invented chips was a genius.” – Ricky Jay (himself a genius)
- Spending tens of thousands of dollars on a person’s last few months of life is compassionate – but spending. Spending tens of thousands of dollars to improve a person’s first few years of life is also compassionate – but investing.
- “A man who says he is willing to meet you half way is usually a poor judge of distance.” – Anonymous
- “This fishing tackle manufacturer I knew had all these flashy green and purple lures. I asked, ‘Do fish take these?'” “‘Charlie,’ he said, ‘I don’t sell these lures to fish.'” – Berkshire Hathaway’s Charles T. Munger, as quoted in Fortune
- THE LIMITS OF EXPERTISE: “Years ago my father was told the refrigerator was broken beyond repair. After the repairman left, my father kicked it, it started, and worked fine for eight years.” – my friend Mary O’Neil
Quote of the Day
On the day of the 1983 economic summit, James A. Baker 3rd, then chief of staff, realized Mr. Reagan had not read his briefing book. When Mr. Baker asked why, Mr. Reagan responded, 'Well, Jim, The Sound of Music was on last night.'~Professor Herbert S. Parmet reviewing President Reagan: The Role of a Lifetime
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