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Savings gives you options and flexibility, the ability to wait and the opportunity to pounce. It gives you time to think.

if you have flexibility, you have the time to wait for no-brainer opportunities to fall in your lap. This is a hidden return on your savings.

Having more control over your time and options is becoming one of the most valuable currencies in the world.

Let Me Convince You To Save Money

Lasting knowledge

The point, then, isn’t that you should watch less CNBC and read more Ben Graham. It’s that if you read more Ben Graham you’ll have an easier time understanding what you should or shouldn’t pay attention to on CNBC. This applies to most fields.

I try to ask when I’m reading: Will I care about this a year from now? Ten years from now? Eighty years from now?
It’s fine if the answer is “no,” even a lot of the time. But if you’re honest with yourself you may begin to steer toward the enduring bits of knowledge.

Expiring vs. Long-Term Knowledge

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