We like to find pithy quotes to support our point of view, whether it is our view on politics, sports, or saving and investing. Many a sentence has begun with “You know the old saying…” as we cite a source to support our position. This article gathers together sayings on savings and (particularly) investing from sources that are both well known and not so well known. The fact that we are including them does not mean that we agree with them; it simply means that we find them interesting and worthy of sharing.
“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” John Templeton.
“Two of the hardest things to do is save when you’re young and spend when you’re old.” Unknown.
“I’m more concerned about the return of my principal than the return on my principal.” Will Rogers
“The poor and middle class work for money. The rich have money work for them.” Robert Kiyosaki.
“When your outgo exceeds your income, your upkeep becomes your downfall.” Rick Rule.
“Getting rich is easy if you follow three rules: spend less, save more, and invest the rest.” Kevin O’Leary.
“The market is much like the weather. There are daily changes, there are seasonal changes, and there are climate changes.” Ron Muhlenkamp
“It’s not what you buy. It’s how much you pay for it.” Carl Icahn.
“When everybody is thinking the same way, nobody is thinking.” George Patton
“If you wait to hear the Robin sing, Spring may be over.” Warren Buffett
“You have to go out on a limb sometimes because that’s where the nuts are.” Will Rogers
“It is better to be approximately right than precisely wrong.” John Maynard Keynes
“The stock market has forecast nine of the last five recessions.” Paul Samuelson
“Hindsight may be 20-20, but foresight is still 50-50.” Norman Sharief
“Definition of obscene profits: something you’ve always heard about but never experienced yourself.” Anonymous
Get-rich-quick schemes just don’t work. If they did, then everyone on the face of the earth would be a millionaire.” J. Paul Getty
In future articles we will explore more “old sayings” about saving and investing.