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Is Cash More Important Than Your Mother?

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.