Quotes of the Day

Sam Dogen, the man behind the popular blog Financial Samurai, says nobody should buy a car that costs more than 10 percent of their gross annual income. I bought my current car five years ago for $4,500. If I spent $50,000 on a car, it might annoy me if an errant shopping cart rolled into its door. My lower-priced car also makes it easier to relax when I’m driving in tight traffic. And I don’t have to worry about wrecking expensive wheels if I get too close to the curb while parallel parking. I’m not saying everyone should follow my lead, or Sam Dogen’s. But by worrying less, I live well. [2022] - Andrew Hallam

One key test in our movement assessment is to have our patients stand with one foot in front of the other and try to balance. Now close your eyes and see how long you can hold the position. 10 seconds is a respectable time; in fact, the ability to balance on one leg at ages 50 and older has been correlated with future longevity, just like grip strength. [2023] - Peter Attia

My take on the news is this: Don’t try to trade it, but watch how the market reacts to it for trend indications. Remember the initial price impact of news is often dramatic, but it may take several hours to be fully absorbed. It is not uncommon for prices to react sharply in one direction initially, then gradually trend in the opposite direction for much of the trading session. This phenomenon is called Price Trace Dispersement(PTD). [2008] - Michael Duane Archer

Drumming the fingers on the table and continual tapping of the feet on the floor are often misinterpreted by professional speakers as boredom signals, but in fact signal impatience. [2004] - Allan Pease

Dropping your price will always attract more buyers, but usually they are the ones looking for a bargain, who will tend to make even lower lowball offers. [2006] - Robert Irwin