Posted inWealth The rich are rich because they buy assets first and let the assets buy luxuries later
Posted inWealth An important distinction is that rich people acquire assets. The poor and middle class acquire liabilities that they think are assets
Posted inWealth The rich focus on their asset columns while everyone else focuses on their income statements
Posted inWealth The intelligent investor realizes that stocks become more risky, not less, as their prices rise
Posted inWealth The investor’s chief aim should be to attain satisfactory results consistent with his resources and risk tolerance
Posted inWealth The individual investor should act consistently as an investor and not as a speculator
