Posted by on Jul 20, 2018 in Articles & Advice, Blog, Books, Featured, Posts |

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




Saving Investors from Themselves

What I Read, and Why

A (Long) Chat with Peter L. Bernstein

“In Memory of My Father” (By and For My Father)