Investing · Entrepreneur memoirs
Samuel Smiles:Thrift, Excerpt 57
Samuel Smiles《Thrift》· Thrift · Investing
Cicero said, "Not to have a mania for buying, is to possess a revenue." Many are carried away by the habit of bargain-buying. "Here is something wonderfully cheap: let us buy it." "Have you any use for it?" "No, not at present; but it is sure to come in useful, some time." Fashion runs in this habit of buying. Some buy old china--as much as will furnish a china-shop. Others buy old pictures--old furniture--old wines,--all great bargains! There would be little harm in buying these old things, if they were not so often bought at the expense of the connoisseur's creditors. Horace Walpole once said, "I hope that there will not be another sale, for I have not an inch of room nor a farthing left."
Source:
https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 57 · 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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