Rule One. You must know the difference between an asset and a liability, and buy assets. An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.
My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.
I still love the game. I still feel like I'm a 25-year-old. I really still love the game and feel as enthusiastic about the game as I ever have felt about it.
Rule One. You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is Rule No. 1. It is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability.
Consider the idea that charisma can be as much a liability as an asset. Your strength of personality can sow the seeds of problems, when people filter the brutal facts from you.
Every liability is just an asset in hiding.
I've worked for everything I've ever got and it's worked out. Even if I was the Cy Young Award winner I still would not want to feel that sense of entitlement. I would still treat every game like it's my very first game and my very last game.
I’ll still be missing you as much as ever. I’l still smile at the memory of you. I’ll still be - Okay, I’ll say it again - loving you, but I won’t abandon myseld for you. I cannot be faithful to you without being faithful to myself.
I want to live the rest of my life, however long or short, with as much sweetness as I can decently manage, loving all the people I love, and doing as much as I can of the work I still have to do.
If [Vladimir] Putin likes Donald Trump, guess what, folks, that`s called an asset, not a liability.
If Putin likes Donald Trump, I consider that an asset, not a liability, because we have a horrible relationship with Russia.
For we must be one thing or the other, an asset or a liability, the sinew in your wing to help you soar, or the chain to bind you to earth.
The things that make me angry still make me angry. George Carlin is 67, and he's still as funny as he's ever been, and he's still angry. And that makes me feel good, because I feel like if I stick around long enough, I'll still be able to work.
Even though I've been doing it for so long, I still feel fresh. Even when I walk out on stage, I still feel pretty much the same as I've always felt.
I feel that the All-Star game is more like a party because its made up of a lot of elements. However the core of All-Star is still the 48 minute-game and all the fans will pay all attention to the showcase of the players excellent skills. The result of the game is not much of a concern.
In the long-term, security comes from an asset you create or acquire, not a position in someone else's asset.