How did you go bankrupt?" Two ways. Gradually, then suddenly.
Interpretation
Bankruptcy can happen slowly over time or can occur abruptly due to unforeseen circumstances.
This quote by Ernest Hemingway suggests that financial downfall is often a gradual process, where debts accumulate and warning signs are neglected, leading to a sudden and irreversible collapse. It highlights the importance of being aware of oneβs financial situation, as well as the unpredictable nature of financial crises.
In practice
In a discussion about financial health, one might say, 'As Hemingway once said, 'How did you go bankrupt? Two ways. Gradually, then suddenly.' This serves as a cautionary reminder to monitor finances closely.'
He no longer dreamed of storms, nor of women, nor of great occurrences, nor of great fish, nor fights, nor contests of strength, nor of his wife. He only dreamed of places now and the lions on the beach. They played like young cats in the dusk and he loved them as he loved the boy. He never dreamed about the boy. He simply woke, looked out the open door at the moon and unrolled his trousers and put them on.
When you have shot one bird flying you have shot all birds flying. They are all different and they fly in different ways but the sensation is the same and the last one is as good as the first.
There is never any ending to Paris and the memory of each person who has lived in it differs from that of any other. We always returned to it no matter who we were or how it was changed or with what difficulties, or ease, it could be reached. Paris was always worth it and you received return for whatever you brought to it. But this is how Paris was in the early days when we were very poor and very happy.
Wine is the most civilized thing in the world.
There is no rule on how to write. Sometimes it comes easily and perfectly; sometimes it's like drilling rock and then blasting it out with charges.
Because we would not wear any clothes because it was so hot and the windows open and the swallows flying over the roofs of the houses and when it was dark afterward and you went to the window very small bats hunting over the houses and close down over the trees and we would drink capri and the door locked and it hot and only a sheet and the whole night and we would both love each other all night in the hot night in Milan. That was how it ought to be.
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Saving is a fine thing. Especially when your parents have done it for you.
The math you need for most of finance is ninth-grade algebra, and most people feel reasonably comfortable with that. But I think the financial world there has been - I don't know if it's by design, or this is how it's evolved - there are bad actors who have wanted to obfuscate because you can benefit from the lack of transparency.
You win the modern financial-regulation game by filing the most motions, attending the most hearings, giving the most money to the most politicians and, above all, by keeping at it, day after day, year after fiscal year, until stealing is legal again.
Entrepreneurs or international conglomerateurs, or large financial institutions buy or create mutual fund management companies to create a return on their own capital. It's capitalism at work, where the rewards tend to go to the managers rather than the investors.
The enthusiasm for Tesla and other bubble-basket stocks is reminiscent of the March 2000 dot-com bubble. As was the case then, the bulls rejected conventional valuation methods for a handful of stocks that seemingly could only go up. While we don't know exactly when the bubble will pop, it eventually will.
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