The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.
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In 1976, Italian economist Carlo M Cipolla defined the laws as follows:
Poor people buy cheap clothes that have to be replaced much more often than the more expensive clothes rich people buy. In the end, poor people spend more money.
Buy quality. Spend the most on the things you will wear the most. Take proper care of your things too, so they last l...
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