|Saving is good for us — for two reasons. One reason for saving is to prevent having serious regrets later on. As the poet John Greenleaf Whittier wrote: “ Of all sad words of tongue and pen, the saddest are ‘ It might have been.’”, “I should have” and “I wish I had” are two more of history’s saddest sentences.
Another reason for saving is quite positive: Most of us enjoy the extra comfort and the feeling of accomplishment that comes with both the process of saving and with the results— having more freedom of choice both now and in the future.
- Source: The Elements of Investing
by Burton G. Malkiel & Charles D. Ellis
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