A Quote by Bernard Baruch
The essence of any plan for financing old age is saving-to put aside some part of today's earnings for the future. Anything that saps the value of savings-and inflation is the worst single threat-is the enemy of the aged and of those who expect to grow old.
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No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come.
I don't expect anything from anybody. When you grow old Your days are gone; it is part of life.
I don't expect anything from anybody. When you grow old... Your days are gone; it is part of life.
[D]on't grow old. With age comes caution, which is another name for cowardice.... Whatever else you do in life, don't cultivate a conscience. Without a conscience a man may never be said to grow old. This is an age of very old young men.
To a large extent, the aged in our society are ghettoized. Old people are seen as useless, bypassed by history, old-fashioned, in the way. So, not surprisingly, when we reach the official mark of old age, we're supposed to go gently into that good night, to get off center stage and hand over the spotlight. Old age is also surrounded by shame - the myth of impotence and inability.
In essence, the stock market represents three separate categories of business.They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value.
The Bible has a very meaningful expression: The Spirit makes all things new. We are those who grow old, and we want everything done to our aged standards. The Spirit is never old; the Spirit is always young.
The value that some analysts put on revenue vs. what they put on profit is out of whack. If you can grow real cash earnings, that's 80% of what you ought to do, and the revenue component is 20%.
If you got a dollar, soak it away, put it in a savings bank, bury it, do anything but spend it. Spending when we didn't have it put us where we are today. Saving when we've got it will get us back to where we was before we went cuckoo.
Life is full of uncertainties. Future investment earnings and interest and inflation rates are not known to anybody. However, I can guarantee you one thing.. those who put an investment program in place will have a lot more money when they come to retire than those who never get around to it.
In essence, the stock market represents three separate categories of business. They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value. The preference, always, would be to buy a long-term franchise at a substantial discount from growing intrinsic value.
There are three things that grow more precious with age; old wood to burn, old books to read, and old friends to enjoy.
Now's the time to teach your 5-year-old kid about financing. If they can add, I suggest that you start teaching them about saving that money. And how their money can add up in the future. I think the more you prepare your children for the future, the better off they'll be.
Old age, especially an honored old age, has so great authority, that this is of more value than all the pleasures of youth.
Those who love deeply never grow old; they may die of old age, but they die young.
I am afraid, ... that health begins, after seventy, and often long before, to have a meaning different from that which it had at thirty. But it is culpable to murmur at the established order of the creation, as it is vain to oppose it. He that lives, must grow old; and he that would rather grow old than die, has God to thank for the infirmities of old age.
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