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The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
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The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
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The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
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The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
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The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
RSSThe smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
This little Italian car has the potential to be popular but it's far from a sure bet. Chrysler hopes it can deliver. More
Across the nation, the deepening economic downturn is fueling anxiety among everyday folks. See what's got them worried and how they're coping. More
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
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The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
This little Italian car has the potential to be popular but it's far from a sure bet. Chrysler hopes it can deliver. More
Across the nation, the deepening economic downturn is fueling anxiety among everyday folks. See what's got them worried and how they're coping. More
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
This little Italian car has the potential to be popular but it's far from a sure bet. Chrysler hopes it can deliver. More
Across the nation, the deepening economic downturn is fueling anxiety among everyday folks. See what's got them worried and how they're coping. More
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
| Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use. Intraday data is at least 20-minutes delayed. All times are ET. Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data. Fundamental data provided by Morningstar, Inc.. SEC Filings data provided by Edgar Online Inc.. Earnings data provided by FactSet CallStreet, LLC. |
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The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
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The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
This little Italian car has the potential to be popular but it's far from a sure bet. Chrysler hopes it can deliver. More
Across the nation, the deepening economic downturn is fueling anxiety among everyday folks. See what's got them worried and how they're coping. More
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
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The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
This little Italian car has the potential to be popular but it's far from a sure bet. Chrysler hopes it can deliver. More
Across the nation, the deepening economic downturn is fueling anxiety among everyday folks. See what's got them worried and how they're coping. More
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
This little Italian car has the potential to be popular but it's far from a sure bet. Chrysler hopes it can deliver. More
Across the nation, the deepening economic downturn is fueling anxiety among everyday folks. See what's got them worried and how they're coping. More
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
| Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use. Intraday data is at least 20-minutes delayed. All times are ET. Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data. Fundamental data provided by Morningstar, Inc.. SEC Filings data provided by Edgar Online Inc.. Earnings data provided by FactSet CallStreet, LLC. |
Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
This little Italian car has the potential to be popular but it's far from a sure bet. Chrysler hopes it can deliver. More
Across the nation, the deepening economic downturn is fueling anxiety among everyday folks. See what's got them worried and how they're coping. More
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
| Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use. Intraday data is at least 20-minutes delayed. All times are ET. Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data. Fundamental data provided by Morningstar, Inc.. SEC Filings data provided by Edgar Online Inc.. Earnings data provided by FactSet CallStreet, LLC. |
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The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
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The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
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The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
This little Italian car has the potential to be popular but it's far from a sure bet. Chrysler hopes it can deliver. More
Across the nation, the deepening economic downturn is fueling anxiety among everyday folks. See what's got them worried and how they're coping. More
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
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The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
This little Italian car has the potential to be popular but it's far from a sure bet. Chrysler hopes it can deliver. More
Across the nation, the deepening economic downturn is fueling anxiety among everyday folks. See what's got them worried and how they're coping. More
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
This little Italian car has the potential to be popular but it's far from a sure bet. Chrysler hopes it can deliver. More
Across the nation, the deepening economic downturn is fueling anxiety among everyday folks. See what's got them worried and how they're coping. More
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
| Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use. Intraday data is at least 20-minutes delayed. All times are ET. Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data. Fundamental data provided by Morningstar, Inc.. SEC Filings data provided by Edgar Online Inc.. Earnings data provided by FactSet CallStreet, LLC. |
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The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
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The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
This little Italian car has the potential to be popular but it's far from a sure bet. Chrysler hopes it can deliver. More
Across the nation, the deepening economic downturn is fueling anxiety among everyday folks. See what's got them worried and how they're coping. More
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
|
|
|
|
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
The smartest advice I ever got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
Manager, Legg Mason Value Trust
I was nine years old, and I saw my father reading the financial pages. They didn't look like the sports pages or the comics, so I asked him what they were. He said, "Well, these are stocks." I said, "What's a stock?" And he said, "See this thing? This represents a company. And see this 'plus .25'? That means that if you own one share of this company today, you have 25¢ more than you had yesterday."
And I said, "I can have this thing yesterday, I can go to sleep, wake up and have 25¢ more and not do any work?" And he said, "Yes." I had come in from mowing the grass for three hours to earn 25¢. So the lesson I took was that in the stock market you can make money without doing any work. And since I have always had an almost infinite capacity for indolence, I thought, "This is great."
Of course, I realized only many years later that you could earn the market rate of return by doing no work, but to earn an excess rate of return certainly does require some work!
Compiled by Kelsey Abbott, Max Alexander, Suzanne Barlyn, Michaela Cavallaro, Peter McDougall, Daphne Mosher, Kristi Oloffson, O.C. Ugwu and Mike Woelflein
NEXT: Don't follow the herd
Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
This little Italian car has the potential to be popular but it's far from a sure bet. Chrysler hopes it can deliver. More
Across the nation, the deepening economic downturn is fueling anxiety among everyday folks. See what's got them worried and how they're coping. More
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
This little Italian car has the potential to be popular but it's far from a sure bet. Chrysler hopes it can deliver. More
Across the nation, the deepening economic downturn is fueling anxiety among everyday folks. See what's got them worried and how they're coping. More
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
| Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use. Intraday data is at least 20-minutes delayed. All times are ET. Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data. Fundamental data provided by Morningstar, Inc.. SEC Filings data provided by Edgar Online Inc.. Earnings data provided by FactSet CallStreet, LLC. |
Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
This little Italian car has the potential to be