Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 406

Samuel Smiles《Thrift》· Thrift · Investing

Great men are wise savers and wise spenders. Montesquieu has said of Alexander: "He found the first means of his prosperity and power in the greatness of his genius; the second, in his frugality and private economy; and the third, in his immense liberality to accomplish great objects. He spent but little on himself; but for public purposes his hand was always open." It was also said of the first Napoleon, that he was economical like Charlemagne, because he was great like Charlemagne. Napoleon was by no means a spendthrift, except in war; but he spent largely in accomplishing great public undertakings. In cases such as these, economy and generosity are well combined. And so it is in the cases of all men possessed of energy, industry, and great powers of organization.

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 406 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

Does this passage change one judgment about money or risk today?

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