When it comes to investing, I am reminded of Aesop’s fables about a miser who sold all that he had and bought a lump of gold, which he buried in a hole in the ground by the side of an old wall and went to look at daily. One of his workmen observed his frequent visits to the spot and decided to watch his movements. He soon discovered the secret of the hidden treasure, and digging down, came to the lump of gold, and stole it.
In the end, a true investor will not be like the miser who buried his gold, like other investors who don’t make mistakes in their life having a desire to change in to what is hype today, looking for high returns with low risk or putting all investments in one asset class but one who used their money to acquire things that offer the potential for profitable returns, either through interest, income, or the appreciation of value.
A true Cytonnaire follows the golden rules of investment, they invest first and spend later.”
First published on SokoDirectory