Monday, June 18, 2007

Great Deal of Boldness

I once read quote by an unknown author that said, It requires a great deal of boldness and a great deal of caution to make a great fortune, and when you have got it; it requires ten times as much wit to keep it!

In an ideal world, an intelligent investor would hold stocks only when they are cheap and sell them when they become overpriced, than duck into the bunker of enjoyment and sail off into retirement. Just so you know nearly all of the richest people in America trace their wealth to a concentrated investment in a single industry or even a single company that they have voting rights in.