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Sunday, July 7, 2013

A Quote

Benjamin Graham
A quote worth reflecting upon from Biz of Life site :

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!
Posted by Robert Wasilewski at 9:34 AM
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2 comments:

  1. The Investment FiduciaryJuly 7, 2013 at 8:31 PM

    This is great wisdom. Extravagant lifestyle is way overrated.

    ReplyDelete
  2. Robert WasilewskiJuly 8, 2013 at 9:30 AM

    I have always felt lucky in this regard. The things that give me pleasure are mostly low cost. Good books and being with friends aren't costly!

    ReplyDelete

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