“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
Related posts:
The impulse to ban
Identity Theft, Credit Reports, and You
FDR: Sowing the Seeds of Chaos
Five Reasons Washington Should Leave Bitcoin Alone
The Wolf and the Lamb - David Galland
David Galland: Chains of Convention
Who Funds the War Party?
Grand Illusion: Social Security Is a Government Insurance Program
Civil Unrest Coming to America
Ron Paul on the Evolution of Freedom in the 21st Century
Lew Rockwell: American Fascism
Free Market Healthcare in the Former Eastern Bloc
The First Step to a Free Detroit: Let Them Work
Letter from Shenzhen
What’s the Better Role Model, France or Switzerland?