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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (95578)	4/19/2002 10:21:46 AM
From: Tommaso	Read Replies (1) \| Respond to of 132070

People who knew John Templeton in the 1930s said that the project he set himself and his wife was always to save half of their income. He actually started with negative net worth; his father chased women instead of money and died with everything mortgaged and in debt in other ways. Systematic saving and investing over many decades can make a huge difference in one's wealth that cannot be explained by mere luck. I also understand that Templeton paid a lot of his expenses at Yale (or was it Princeton?) with poker winnings. Poor boy from Tennessee cleaning out the swells. I am afraid my poker-playing style is to play carefully and then when I am way ahead, start playing for fun and lose it all. Or used to be. Lately I generally seem to be a winner. Sure hope I can keep from ending my investing career that way I used to play poker.