I heard/read two very smart things recently, and I felt you should hear them, too:

“FDR and his crowd were great actuaries. When they instituted Social Security, average male life expectancy was 62 and the retirement age was 65.”

— Sam Nunn, speaking informally to a group of progressives

“A good hairdresser is worth 10 psychiatrists.”

— Laura Pedersen’s mother, as quoted in Ms. Pederson’s New York Times column

Yesterday (if you want something only a little weightier): Can You Beat an Index Fund?

 

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