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An investor who proposes to ignore near-term market fluctuations needs greater resources for safety and must not operate on so large a scale, if at all, with borrowed money.
So many people of wealth understand much more about making and saving money than about using and enjoying it. They fail to live because they are always preparing to live.
Microeconomics: The study of who has the money and how I can get my hands on it.Macroeconomics: The study of which government agency has the gun, and how we can get our hands on it.
It's creating things that make enough money to create resources to generate new technologies to have those technologies to generate more resources so I can make more things happen.
Money at the service of life can be managed in the right way by cooperatives, on condition that it is a real cooperative where capital does not have command over men but men over capital.
To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game.
If you print money like in Zimbabwe... the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war.
I can see being kind to people, but I don't think giving them money solves the problem. I think it makes the problem worse and it prolongs the ultimate, inevitable end anyway.
There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.
I used to spend $25,000 of my own money on my short films, and I wouldn't make that back, not even close. So I think the Vimeo thing, because it's pay to download, that helps