Saturday, November 24, 2007

Old Maxims (Updated for Inflationary Times)

Thanks Old Vet, you've inspired this compilation of Old Maxims (Updated For Inflationary TImes).

A penny saved is a penny burned.
A bird in hand is worth I don't know how many in the bush.
Never invest your money in anything that eats or needs repairing.
Always spend your money before you have it.
There's no such thing a free lunch (unless you;ve borrowed to buy it.
Money grows on trees (and in the ground!)
Genius is one percent inspiration and 99 percent leverage.
He who can, does; he who cannot, borrows.
The buck starts depreciating here.
It not what you pay a man, but when and in what currency you pay him that counts.
A fool and his money are esily parted when a bank is involved.
Nothing is certain but death taxes (and inflation).
Give a man a fish, he eats for a day; Teach a man to fish, he eats always. Teach a man to borrow in order to buy assets and he'll be richer than Croesus.
Buy what thou hast no need of, else it will cost twice as much tomorrow.
When in doubt, leverage to buy assets.


Devang said...

Buy high, sell higher.

There's probably a better update for this maxim, something to do with leverage.

"Cassandra" said...

Always buy never sell.
Always catch the falling knife.
What goes up, must go up further.
Inflation hasn't ruined everything. A dime can still be used as a screwdriver.
O Gold! I still prefer thee unto paper,
Which makes bank credit like a bark of vapour.

Every one, even the richest and most munificent of men, pays much by cheque more light-heartedly than he pays little in specie.
In the old days a man who saved money was a miser; nowadays he's a idiot.
A nickel ain't worth a dime anymore.

More please, more....

Peter said...

The only thing necessary for the triumph of evil is for good men to stop chasing the momentum

Its better to have leveraged and lost than never to have leveraged at all

Even the longest journey begins with one little default

if the Blind lead the Trend, both shall fall into the ditch

OldVet said...

Fools make feasts and wise men cheat them.

One Dollar today is worth doo-doo tomorrow.

Take this remark from Richard poor and lame,
Whatever is begun in greed will end in blame.

He that would live in peace and ease
Must not borrow through the nose nor upgrade the bubbly he pees. :)

Anonymous said...


first of all thx for this gr8 blog.

can anyone of u recommend me a website where i can find afterhourquotes of tokyolisted companies like softbank or sumitomo mitsui.

thx in advance


OldVet said...

Lying rides upon Debt's back, especially at hedge funds fueled on crack.

To whom thy misdeeds thou dost tell, to the SEC thy freedom thou dost sell.

The discontented man finds no easy chair, but borrows from others and sits on air.

The inflated maxim of the unwary Dutch, is to leverage all the money they can touch.

Charles Butler said...

Once bitten, double up.

OldVet said...

Mr. Charles B, that's what I did yesterday, which is why I had so much time on my hands free to write aphorisms while I lost money.