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.
Just because a stock is down doesn't mean it's a great buy.
The price of a commodity will never go to zero. When you invest in commodities futures, you're not buying a piece of paper that says you own an intangible piece of company that can go bankrupt.
If I subscribed to the efficient market theory I would still be delivering papers
If you wait to see how much money you have left at the end of the month to put toward savings, the answer may be zero. So, set up an automated monthly transfer from your checking to savings account. Once you lock into that commitment, you'll be forced to scale back spending to make ends meet.
There is always something to worry about. Avoid weekend thinking and ignoring the latest dire predictions of the newscasters. Sell a stock because the company's fundamentals deteriorate, not because the sky is falling.
It's difficult to make your clients understand that there are certain days that the market will go up or down 2%, and it's basically driven by algorithms talking to algorithms. There's no real rhyme or reason for that. So it's difficult. We just try to preach long-term investing and staying the course.
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