“I wish Dad were here today to tell us what he thinks about events that have come to pass since then — the tech wreck of 2000, the housing bust of 2006, the debt crisis of 2008 and the massive Fed money printing ever since.  The fact remains that no one can predict the future with precision. The best we can do is prepare prudently, and that’s what you should do too.  Never forget the key factor that has always sustained prudent investors through thick and thin — SAFETY. Always favor lower risk investments, taking bigger risks strictly with money you can afford to lose.”

http://www.moneyandmarkets.com/tough-lessons-for-the-next-generation-2-57974

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