During the go-go Gordon Gekko era of the late 1980s, I worked as an analyst on a financial magazine in midtown Manhattan. The publisher once uttered a line to me that at the time seemed appalling: “Just remember, kid: Cash is more important than your mother.”
Certainly, this statement grabbed my attention. I assumed it was just hyperbole from a ruthless Wall Street shark.
But nearly 40 years later, many of them spent analyzing stocks, I must admit there’s some truth to his statement. As I’ll explain, cash and your mother are both important.
This post appeared first on Investing Daily.