"There are two times in a man's..." - Quote by Mark Twain
There are two times in a man's life when he should not speculate: when he can't afford it, and when he can.
More by Mark Twain
More on Money
“And to tell the truth I don't want to let go of the wrists of idleness, I don't want to sell my life for money, I don't even want to come in out of the rain.”
“There's the one thing no nation can ever accuse us of and that is secret diplomacy. Our foreign are an open book, generally a check book.”
“Remember, you can earn more money, but when time is spent it is gone forever.”
More on Speculation
“Just been talking today out here to all the Senators investigating these stock swindles and overcapitalizations. There has been hundreds of millions lost. There ought to be some form of guardianship for people that buy all this junk. Education won't do it. The buyers are the ones we have educated up till they are just smart enough to fall for everything that comes along.”
“The banks themselves were doing business on capitals three-fourths of which were fictitious. This fictitious capital... is now to be lost, and to fall on somebody; it must take on those who have property to meet it, and probably on the less cautious part, who, not aware of the impending catastrophe, have suffered themselves to contract, or to be in debt, and must now sacrifice their property of a value many times the amount of the debt. We have been truly sowing the wind, and are now reaping the whirlwind.”
“Let experience solve it. To listen to mere speculation in such a case were criminal.”