“You can have a perfectly high return portfolio without growth. You need profitability – but you can have a stable output and make good money.”
This is the hallmark of stable, long-term community-oriented businesses around the world ever since money started changing hands: profitability, not growth.
A good buddy of mine in the Slow Money scene put this one on the facebook and I decided to paycheck advances payday loans cashadvance cashadv share. And now here as well :
(This image is from 2008, the video link is from April 2012) (Interestingly enough, if you google image search for Jeremy Grantham, you get a lot of his pictures, plus a few of Karl Marx, then William Shakespeare and one of an analyst at Merrill Lynch names David Rosenburg – maybe he’s a guy to watch!)