“There is scarcely an instance of a man who has made a fortune by speculation, and kept it.”
What this quote means
This quote warns against speculation as a path to lasting wealth. It stresses that quick gains are often fleeting and that true fortune is built on solid foundations. In a financial world seeking immediate profits, it reminds us of the importance of prudence and long-term vision. It applies to those managing investments or projects: stability comes from wisdom, not from chasing easy gains.
How to apply it daily
If you're considering a risky investment, take time to assess its sustainability. Opt for long-term, diversified options rather than speculative gains.
Continue
Related quotes
Same author or same theme — keep reading.
“A bank is a place that will lend you money if you can prove that you don't need it.”Create visual
“I don't want to be a millionaire. I just want to live like one.”Create visual
“Money speaks sense in a language all nations understand.”Create visual
“Show me the money!”Create visual
“Debt is a mechanism of control, a way to ensure that the debtor behaves in a manner that serves the creditor's interests.”Create visual
“The rich are not like us; they have more money, but they also have more problems.”Create visual
More quotes by Andrew Carnegie
“'I4' The average person puts about Em 25% of his energy and ability into his work. The world takes its hat off to those who put more than 50% of their capacity into their work, and the world stands on its head for those few and far between souls who devote 100%.”Create visual
“I believe that the road to pre-eminent success in any line of work is to make yourself master of that line of work.”Create visual
“Put all your eggs in one basket and watch that basket.”Create visual
“No man will make a great leader who wants to do it all himself, or to get all the credit for doing it.”Create visual