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Accounts Quotes

“Cash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.”

“Ninety-nine and nine-tenths of the earth’s volume must forever remain invisible and untouchable. Because more than 97 per cent of it is too hot to crystallize, its body is extremely weak. The crust, being so thin, must bend, if, over wide areas, it becomes loaded with glacial ice, ocean water or deposits of sand and mud. It must bend in the opposite sense if widely extended loads of such material be removed. This accounts for … the origin of chains of high mountains … and the rise of lava to the earth’s surface.”

“The best way to look at any business is from the standpoint of the clients. So there are these certain basic things that aren't going to change. Companies are going to have needs for equity, debt, advice, FX, and derivatives. Individuals are going to have needs for auto loans, mortgages, something that looks like a deposit account, and the ability to send money to people. Those things aren't going to change.”

“If you are training properly, you should progress steadily. This doesn't necessarily mean a personal best every time you race ... Each training session should be like putting money in the bank. If your training works, you continue to deposit into your 'strength' account ... Too much training has the opposite effect. Rather than build, it tears down. Your body will tell when you have begun to tip the balance. Just be sure to listen to it.”