Everything you want in life has a price connected to it. There’s a price to pay if you want to make things better, a price to pay just for leaving things as they are, a price for everything. Harry Browne 1933 – 2006 Benjamin Franklin wrote a letter to a friend, Madame Brillon, in 1779 and told a delightful story about himself. The following excerpt captures the essence of the story. “When I was a child of seven years old, my friends, on a holiday, filled my pocket with coppers. I went directly to a shop where they sold toys …
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Alone we can do so little, together we can do so much. Helen Keller 1880 – 1968 I grew up in Mississippi, and in the late 1950s, I attended a program called Boys State/Girls State. The program was held in the legislative offices of the state capitol, and each participant was designated a senator or a representative, depending on age: college students were senators and high school students were representatives. The idea of the program was to teach young people about the legislative process. We introduced “legislative bills” and then had to work to get them passed by the group. …
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If things go wrong, don’t go with them. Roger Babson 1875 – 1967 Over the past few weeks, some of you may have received holiday gifts you don’t like, and you might be thinking about selling them on eBay or Craigslist. There’s an important business principle called sunk costs that you ought to consider; it’s actually useful in any number of life situations, so it’s a good lesson to learn and understand. The idea of sunk costs is fairly simple: any past costs associated with a decision are irrelevant, because you can’t change the past; you should only consider current and future …
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