Posts Tagged ‘rule’
Pope Francis on Money Ruling Over Us
on Sunday, December 1, 2013Pope Francis Money Quotation saying we allow money to lead us, guide our actions and make our decisions for us, but it should serve us instead of ruling over us. Pope Francis said:
“Money has to serve, not to rule” — Pope Francis
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Benjamin Disraeli: Fairness of Wealth
on Friday, December 14, 2012Benjamin Disraeli Money Quote saying rarely do we agree who deserves their wealth or lack of it, but few debate whether they should be counted among those who belong in that inner circle. Benjamin Disraeli said:
“As a general rule, nobody has money who ought to have it” — Benjamin Disraeli
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Warren Buffett: Don’t Lose Money
on Saturday, August 7, 2010Warren Buffet Money Quotation suggests that there is only one rule when it comes to money – Don’t lose any – which may become rule #3, #4 and #5 as well. Warren Buffett said:
“Rule No.1: Never lose money.
Rule No.2: Never forget rule No.1″ — Warren Buffett
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Warren Buffett is suggesting that the most important rule when investing money is to never lose what you have. His second rule reinforces the first – always remember that preserving your capital is key.
Buffett is known for his value investing strategy of only purchasing shares of companies that he believes are undervalued and have good long-term prospects, in order to minimize risks and avoid losing money on bad investments. This quote emphasizes taking a conservative approach and not taking unnecessary risks that could lead to investment losses.