For love of money and love of game (The Financial Athlete, #1)

“There’s a purity in tennis in that you cannot cheat your way into winning. A champion must play smarter and more skillfully than his opponents.” –My tennis instructor.

Can successful investing be executed with the purity in tennis, by playing smart and skillfully and not cheating? Yes.

In the history of the world much wealth has been gained at the expense of others through conquest or cheap labor or excessive taxation or outright fraud. Even under the enforcement of just laws, money will always attract the unscrupulous like maggots to a freshly dead corpse. The love of money to the degree of placing greater importance upon it than people and nature, and the willingness to inflict irreparable harm to these in pursuit of money…this attitude is the root of all evil.

Money itself is not evil. On the Contrary, having financial freedom is good. Lack of money (poverty) causes suffering.

The first step to successful investing is to enjoy the process, which I call the game. Love the game, and allow success to follow. Without love for game, there’s little motive to learn the craft.

One of the quickest ways to get to know someone is to see how he behaves when it comes to money.
–pastamanvibration (Ao)

“Money is your means of survival. The verdict you pronounce upon the source of your livelihood is the verdict you pronounce upon your life. If the source is corrupt, you have damned your own existence. Did you get your money by fraud? By pandering to men’s vices or men’s stupidity? By catering to fools, in the hope of getting more than your ability deserves? By lowering your standards? By doing work you despise for purchasers your scorn? If so, then your money will not give you a moment’s or a penny’s worth of joy. Then all the things you buy will become, not a tribute to you, but a reproach; not an achievement, but a reminder of shame. Then you’ll scream that money is evil. Evil, because it would not pinch-hit for your self-respect? Evil, because it would not let you enjoy your depravity? Is this the root of your hatred of money?”
–Ayn Rand (I’m not an Objectivist, but she got it right on this one.)


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