Why, just a couple of economic seasons ago, was idle cash considered an indication of bad management or lazy management? Because it meant that management didn't have this money out at work ... Now look. Presto! A new fashion! Cash is back in! Denigrating liquidity has dropped quicker than hemlines. A management is now saluted if it has some cash, some liquidity, doesn't have to go to the money market at huge interest rates to get the wherewithal to keep going and growing. Along with Ben Franklin, my father and your father would understand and applaud this new economic fashion.

Some people as a result of adversity are sadder, wiser, kinder, more human. Most of us are better, though, when things go better.

Hopeless cases: Executives who assert themselves by saying No when they should say Yes.

To live your life in the fear of losing it is to lose the point of life.

To seduce most anyone, ask for and listen to his opinion.

Can you understand why the Congress, most states and most cities refuse to pass legislation requiring the registration and licensing of any and all guns? For the life of me, I can't. We must register our cars and be licensed to drive. In many places we must get licenses for dogs and even bicycles. Being required to register firearms and show the competence and capacity to handle them hardly seems unreasonable, hardly seems an infringement of freedom. What is it that blocks such legislation? Why do they block it? How are they able to block it?

I don't waste too much time philosophizing about wealth, I just recommend it to everyone.