King Solomon’s words on wise money management in the Books of Proverbs and Ecclesiastes echo down the ages with timeless advice for modern investors too. Today, successful people including a sports legend, an automotive pioneer and a real estate expert join the King to offer a textbook’s worth of financial and investing wisdom in a few pithy lines.
“To everything, there is a season, and a time to every purpose under heaven. A time to plant and a time to harvest that which is planted. A time to break down and a time to build up” – Ecclesiastes 3: 1-8
“Where you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt.” — Paul Tudor Jones
“As long as you enjoy investing, you’ll be willing to do the homework and stay in the game. If you aren’t interested, you’ll either miss the opportunity to make money in the market or not pay enough attention and end up losing your shirt.” — Jim Cramer
“Thou shalt diversify.” — Jason Hartman
“The older I get, the more I see a straight path where I want to go. If you’re going to hunt elephants, don’t get off the trail for a rabbit. “– T. Boone Pickens
“In any investment, you expect to have fun and make money.” — Michael Jordan
“We don’t have to be smarter than the rest. We have to be more disciplined than the rest.” — Warren Buffet
“When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.” – Henry Ford
“The most important word in the world of money is cash flow. The second most important word is leverage.” — Rich Dad
“Go to the mouse, you foolish investor, and learn. A mouse never entrusts its life to only one hole.” — Ajaero Tony Martins
From ancient days to the present, sound investing advice rarely changes: diversify investments, stay in control of the process, know the right time to act and to wait, stay disciplined and persistent – and, of course enjoy the process of building wealth, as Jason Hartman advises. . (Top image: Flickr/eugenerubio)
Solomon Success is the complete solution for Christian investors. Read more from our archives:
7 Quotes for Prudent Investors
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The Solomon Success Team
Employment is one of the fundamental factors of economic growth that represent the most frequently used yardstick for measuring recoveries. In discussion of employment, there are two distinctly different categories of unemployment that must be understood. The first is the ‘narrow’ definition that compares the people who are unemployed and looking for work against the total labor force who is employed or looking. The alternative or ‘broad’ definition includes discouraged workers who have stopped looking for work and incorporates the number of people who are working part time, but would like to be employed full time.