27. Not Losing Time / Money
Aug 28, 2017 · 1 min read
I find it fascinating that the best investing book ever written was written several decades ago — The Intelligent Investor, by Benjamin Graham. If you don’t know about him, you probably know about one of his students, Warren Buffet.
In reading The Intelligent Investor, one line stuck to me over all others:
“If you lose 95% of your wealth, you need to gain 1900% returns just to get back to where you were.”
We would do well to carry that wisdom in many aspects of our lives. I keep noticing how options close with the passage of time, and how being reactive instead of proactive reduces both quality and happiness. Apply the Hippocratic oath to time: First, don’t waste it.
