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About LinkBackswhat is the best piece of financial advice ever given to you? in other words, what mantra per se do you live by in the money sense? just good tips to share with people trying to get their money right would be nice.
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what is the best piece of financial advice ever given to you? in other words, what mantra per se do you live by in the money sense? just good tips to share with people trying to get their money right would be nice.
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"Don't bet the ranch. Get more bang for your buck. Maximise output relative to input. Nothing ventured, nothing gained. Diversify instead of striving to make a killing. Don't put all your eggs in one basket; if it drops, you're in trouble. High volatility is like putting your head in the oven and your feet in the refrigerator."
Harry Markowitz
Nobel laureate and father of moder portfolio management
Last edited by akula; 06-21-2007 at 01:39 AM.
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