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Michael Lipsey Epigrams, Maxims, Aphorisms

A nation of debtors is not free a free people.

January 28, 2009, 10:35 pm

The economy...Oy! And my second book of epigrams will be out in a few months. Here is a selection from the chapter on Wealth. And some advice for managing the stress regarding your investments: Don't Look! 

When the economy crashes you need to keep your head, even if you’ve lost everything else.

The mark of an amateur investor is “believing” in a stock. 

What you own lets you sleep -- what you owe keeps you up at night.

The rise and fall of the economy is a force of nature that central bankers and economists pretend to manage.

When investors get greedy, that is when the serious money is lost.

I wish I had a dollar for every dollar I ever had. 

Economies worked well enough before there were economists.   

In the locker room you hear smart opinions about sports and dumb ones about investments.

A nation of debtors is not free a free people.