A Quote by Walter Schloss
People don't like to buy things that are going down.
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In the future you're going to be able to go into a 7-Eleven and buy a ticket on a game, and people who don't use gambling as often as others do, like the people who go and buy lottery tickets, there's going to be more opportunity for people to do it. And with people casually gambling throughout the country, it's going to generate a lot of money.
We've been trained to spend money since we were born with all these commercials with toys and G.I. Joes and Transformers. But there's so many things in the supermarket, there's so many things on television that automatically, when you turn it on, are saying, 'Buy! Buy! Buy! Buy! Buy! Buy! Buy!'
Successful investors like stocks better when they’re going down. When you go to a department store or a supermarket, you like to buy merchandise on sale, but it doesn’t work that way in the stock market. In the stock market, people panic when stocks are going down, so they like them less when they should like them more. When prices go down, you shouldn’t panic, but it’s hard to control your emotions when you’re overextended, when you see your net worth drop in half and you worry that you won’t have enough money to pay for your kids’ college.
Buy products of genuine lasting value from brands that take their manufacturing seriously. I have things that are 75 years old, like the dinner suit of my grandfather's that was made in 1933 by a tailor in Edinburgh. Clothes develop stories. You can remember where you've been through clothing that you've worn. I want products that are going to endure. I hate that we buy things that are disposable. We need to buy products with integrity.
Consumption is still going up on Alibaba. This is because when the economy goes down people look online to Alibaba to buy cheaper things.
Go to the grocery store and buy better things. Buy quality, buy organic, buy natural, go to the farmers market. Immediately that's going to increase the quality of the food you make.
Some things I won't do for any amount of money. That's so demoralizing and goes against every principle that I hold. It's like, okay, some rich people can buy me because I'm a talented guy. They can buy talent. You can't buy it for yourself, but you can buy other people's talent to serve your purposes. And once an artist does that, he becomes like a plaything of the rich. You know, some of these wealthy collectors have paid lots of money for artwork that I already did, but I didn't do it with the intention of catering to them.
Nobody is going to come into Alabama to buy lottery tickets. The only people that are going to buy them here are those that live here, and that's just a certain percentage of people.
I love beautiful things; I like having nice clothes, and I can appreciate why other people do - but I've also started to learn more about the impact of what we buy: how things are made, how much you buy and the quality of everything.
Don't try to buy art as an investment. Buy something you really love because you're going to have to look at it again tomorrow. And an investment can go up or down. Buy something you really adore, you really like, and you want to live with. And if you decide some years later you don't want to live with it anymore, sell it. Get out.
I don't have anything that I treasure at all. They're just things. I tend to buy an awful lot of stuff, like clothes and things. But I wouldn't be bothered if my house burns down tomorrow.
I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'
I just always knew I was going to be a star. I was always going to be rich so I could buy things for Mommy and Daddy, so that I could buy them a big house and we could have things.
Our economy is based on spending billions to persuade people that happiness is buying things, and then insisting that the only way to have a viable economy is to make things for people to buy so they’ll have jobs and get enough money to buy things.
Money is not the most important thing, but when you need it, there are few substitutes. So while I like the things money can buy, I love what money won't buy. It bought me a house but it won't buy me a home. It would buy me a companion but it won't buy me a friend.
Life is not easy and comfortable, with nothing ever going wrong as long as you buy the right product. It's not true that if you have the right insurance everything is going to be fine. That's not what it's really like. Terrible things happen. And those are the things we learn from.
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