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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 659.00+1.0%Nov 21 4:00 PM EST

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edward miller
GROUND ZERO™
Hawkmoon
Investor Clouseau
Katelew
toccodolce
Vendit™
To: GROUND ZERO™ who wrote (90216)3/2/2017 4:51:15 PM
From: Underexposed8 Recommendations  Read Replies (1) of 219173
 
My father just passed away about 10 years ago. He was the Yogi Berra of the family. Here are a couple of examples of his sayings.

" Experience is recognizing a mistake, the second time you make it."

ain't that the truth... sigh


"Never be afraid of making a mistake... If you never make a mistake you are not testing your limits.... however, when you make a mistake, always make sure it is a cheap one. "

He was talking about life in general, he never invested in stocks. To him an accident where you totaled a car was a mistake in judgement... walking away from it made it a cheap mistake.... a car is replaceable, the life of the driver is not.

"Never go to an Englishman.... when you want good perogies!!!

In other words go to someone who knows what they are doing when you need good advice.

He was a man who with a salary of $5000/year in the 1960's and finally before he retired $32,000/year, a wife and 4 kids owned 2 houses (one rented out), a cottage on a remote lake (so he would not be bothered by work on the weekends), 5 boats (three of which he built himself) and rarely bought something new.

The financial advice I learned from him was not to live with debt... he paid cash for everything he owned except the 2 houses. He was a master mechanic and bought used 80% of the time and if he did not have the money ... he waited til he saved it.

That was his legacy that he left me... I miss him
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