Image credit: Art Young, “For Sale” (Puck Magazine, Dec. 20, 1911), Library of Congress
By Jason Zweig | July 19, 2018 10:00 p.m.
My father, who died in 1981, was an inexhaustible font of wisdom and wit. I don’t know when he told me this particular three-part rule, but I’ve never forgotten it. I tweeted it three years ago, but people keep asking for it in one place, so here it is.
There are three ways to make a living:
1) Lie to people who want to be lied to, and you’ll get rich.
2) Tell the truth to those who want the truth, and you’ll make a living.
3) Tell the truth to those who want to be lied to, and you’ll go broke.
The rest is commentary.
For further reading:
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Devil’s Financial Dictionary
Benjamin Graham, The Intelligent Investor
Jason Zweig, The Little Book of Safe Money