Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 77

Samuel Smiles《Thrift》· Thrift · Investing

Thus, when a population is thoughtless and improvident, no kind of material prosperity will benefit them. Unless they exercise forethought and economy, they will alternately be in a state of "hunger and burst." When trade falls off, as it usually does after exceptional prosperity, they will not be comforted by the thought of what they _might_ have saved, had it ever occurred to them that the "prosperous times" might not have proved permanent.

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 77 · 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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