Money and Finance
- The Tendency To Stop Considering Other Possible Explanations After Reaching A Diagnosis...
The quote below is from Peter Bevelin in his book Seeking Wisdom: From Darwin to Munger. It was in reference to a medical study, but I think it also applies well to investing. The single most common cause of cognitive-based errors was the...
- Seneca Quote
From Moral letters to Lucilius/Letter 17: One cannot greet Parthian royalty without bringing a gift; and in your case I cannot say farewell without paying a price. But what of it? I shall borrow from Epicurus: "The acquisition of riches has been for many...
- Seneca's Moral Letters To Lucilius
A good online collection of Seneca's letters... Link to: Moral letters to Lucilius Letter 2 is one of my favorites. I've put up a couple of quotes on the blog before, from a slightly different translation. Here are a couple of those quotes...
- Is A House Really A Good “investment”? - By Cullen Roche
The Bottom Line Don’t worry. This post isn’t intended to wreck the “american dream”. None of this analysis means that buying a house is a bad idea. You have to live somewhere and this analysis does not compare the specifics of...
- Most Highlighted Kindle Passages From Seneca’s Letters
Currently the most highlighted Kindle passages from Seneca’s Letters from a Stoic. For other books, go HERE. Nothing, to my way of thinking, is a better proof of a well ordered mind than a man’s ability to stop just where he is and pass some time...
Money and Finance
Seneca quote
From Moral letters to Lucilius/Letter 16:
You need not wonder at any genius of mine; for as yet I am lavish only with other men's property. – But why did I say "other men"? Whatever is well said by anyone is mine. This also is a saying of Epicurus: "If you live according to nature, you will never be poor; if you live according to opinion, you will never be rich." Nature's wants are slight; the demands of opinion are boundless. Suppose that the property of many millionaires is heaped up in your possession. Assume that fortune carries you far beyond the limits of a private income, decks you with gold, clothes you in purple, and brings you to such a degree of luxury and wealth that you can bury the earth under your marble floors; that you may not only possess, but tread upon, riches. Add statues, paintings, and whatever any art has devised for the luxury; you will only learn from such things to crave still greater.
Natural desires are limited; but those which spring from false opinion can have no stopping-point. The false has no limits. When you are travelling on a road, there must be an end; but when astray, your wanderings are limitless. Recall your steps, therefore, from idle things, and when you would know whether that which you seek is based upon a natural or upon a misleading desire, consider whether it can stop at any definite point. If you find, after having travelled far, that there is a more distant goal always in view, you may be sure that this condition is contrary to nature.
- The Tendency To Stop Considering Other Possible Explanations After Reaching A Diagnosis...
The quote below is from Peter Bevelin in his book Seeking Wisdom: From Darwin to Munger. It was in reference to a medical study, but I think it also applies well to investing. The single most common cause of cognitive-based errors was the...
- Seneca Quote
From Moral letters to Lucilius/Letter 17: One cannot greet Parthian royalty without bringing a gift; and in your case I cannot say farewell without paying a price. But what of it? I shall borrow from Epicurus: "The acquisition of riches has been for many...
- Seneca's Moral Letters To Lucilius
A good online collection of Seneca's letters... Link to: Moral letters to Lucilius Letter 2 is one of my favorites. I've put up a couple of quotes on the blog before, from a slightly different translation. Here are a couple of those quotes...
- Is A House Really A Good “investment”? - By Cullen Roche
The Bottom Line Don’t worry. This post isn’t intended to wreck the “american dream”. None of this analysis means that buying a house is a bad idea. You have to live somewhere and this analysis does not compare the specifics of...
- Most Highlighted Kindle Passages From Seneca’s Letters
Currently the most highlighted Kindle passages from Seneca’s Letters from a Stoic. For other books, go HERE. Nothing, to my way of thinking, is a better proof of a well ordered mind than a man’s ability to stop just where he is and pass some time...