Posts Tagged ‘past’

The Past

Posted: April 27, 2018 in Thought for the Day
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“And when you do that (reject the past)… you risk creating monsters.” -Bill Bonner

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I love learning about financial history. I love finding parallels between today and a time in the past. But one clear lesson from history is this: It never happens the exactly the same way the next time around. That’s why it’s easy to be fooled… to think that ‘this time is different’.
Financial disasters and bubbles don’t repeat… but they certainly rhyme. Don’t you forget it!” -Steve Sjuggerud

“Gold is the currency of kings, silver is the money of gentlemen, barter is the money of peasants, but debt is the money of slaves.”

—Norm Franz, Money and Wealth in the New Millennium

“Indeed, many would say that, without debt, the world couldn’t function. Debt has always existed and always will. However, in eras past, debt often played a much smaller role, and those eras were marked by greater progress and productivity.” -Jeff Thomas

“When you label a past event ‘failure’ it prevents you from moving beyond the past….  ‘Failure’ is not a detail you can learn from.  Again, it’s a label that describes nothing except a feeling inside of you.  Details are what you can study and learn from….  The key to success is to solve hard problems….  Failure is not a hard problem.  It’s a label.  Failure is in the past.  Hard problems can be solved right now.” -James Altucher

“We accept the verdict of the past until the need for change cries out loudly enough to force upon us a choice between the comforts of further inertia and the irksomeness of action” -Leonard Hand

Foolish Fear

Posted: June 15, 2017 in Thought for the Day
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“To me, this is a secret to much of my success in life… Just getting past the fear of looking foolish, and taking the risk. It’s hard to do… but it’s the right thing to do.” –Steve Sjuggerud

“When you borrow money two things usually happen.  First, you’re taking capital that others saved in the past, and are probably using for consumption, not to create more wealth.  And second, you’re mortgaging your future, which makes you a serf when you have to pay it back.” -Doug Casey