Friday, February 18, 2022

Quote of the Day: 18 February 2022 #QotD

“Some people may think of investment as simply a transaction with money. But, more broadly and more fundamentally, it is the sacrificing of real things today in order to have more real things in the future.” -Thomas Sowell
“Some people may think of investment as simply a transaction with money. But, more broadly and more fundamentally, it is the sacrificing of real things today in order to have more real things in the future.” -Thomas Sowell
[Especially true as money is simply a means of exchange, not something with intrinsic value. Even precious metals hold less intrinsic value than the value they trade for because they are used as a means of exchange.]

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