I blamed myself not so much for my failure to protect myself against the disaster I had been predicting, as for having slipped into an extravagant way of life which I hadn't the temperament or capacity to enjoy. I quickly convinced myself that the true key to material happiness lay in a modest standard of living which could be achieved with little difficulty under almost all economic conditions.
~ Ben Graham
Ben Graham, of course, is the father of value investing and co-author of the most widely read investment book of all time, Security Analysis.
The quote fits in well with the first chapter of the online book discussion of Millionaire Teacher I am facilitating on my other blog. I am reminded of a lady who one time read the first 3 chapters of Millionaire Teacher and with a lilt to her voice told me, "I already know this stuff." In looking over her finances, she really didn't!